ORLANDO-Jeno F. Paulucci, the Warren Buffet of Orlando's real estate industry, senses the time is right to sell off two prime tracts in his vast land-holding portfolio, area brokers tell GlobeSt.com. Both undeveloped properties are in north Seminole County, one of the hottest office and industrial markets in Florida until the economy bottomed in 2001.
Colonial Properties Trust of Birmingham, AL and CNL Financial Group Inc. of Orlando are interested, Orlando land brokers tell GlobeSt.com on condition of anonymity.
Brokers say Colonial is interested because one of the tracts, an 8.5-acre parcel, sits between Heathrow International Business Center and Colonial Town Park on the northwest corner of Heathrow International Parkway and Country Road 46-A. Colonial owns the business park and Colonial Town Park.
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