Willow Creek principals couldn't be reached at GlobeSt.com's publication deadline to learn what the site will be used for. But Brevard County industrial brokers speculate to GlobeSt.com the land could be a long-range investment for a multifamily/retail venture.

The site is west of Interstate 95, east of the Space Center Executive Airport, north of Kings Highway and south of State Road 405.

Flagler Development Co. of Jacksonville, FL sold the land as part of its ongoing divestiture of surplus acreage. The company has $38.9 million worth of surplus dirt (8,700 acres) on the market with $22 million under contract.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.