In an all-cash deal, Timacuan Land Trust sold the acreage to Lake Mary Professional Center LC for $1.23 million or $342,361 per acre ($7.86 per sf). The land is on the east side of Rinehart Road, just north of Timacuan Boulevard in suburban Lake Mary, FL.
In Orlando, Brookhaven Land Trust paid Elwyn D. Babbitt and Lois E. Babbitt $720,000 or $38.09 per sf for the industrial property at 514 Virginia Drive and 511 Brookhaven Drive.
Carter and Drew Forness of Crossman & Co. represented Brookhaven in the building sale. Patrick Chisholm of Maury L. Carter Associates Inc. negotiated for Timacuan Land Trust in the land deal.
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