(Crystal Proenza is associate editor of Real Estate Florida.)

LAKELAND, FL-Locally based Coldwell Banker Commercial Saunders Real Estate recently negotiated four land sales in central Florida totaling more than $37 million. CBC broker Dean Saunders spoke with GlobeSt.com about the details of the four sales, which all fall under Saunders Real Estate's specialty of working with owners of land in conservation.

Just south of Lake Wales in Polk County, Saunders has completed a 3,000-acre conservation easement between the J.K. Stuart Trust and Stuart family and the USDA. Land on the property would flood seasonally, Saunders tells GlobeSt.com, and will now be part of the Wetlands Reserve Program to store water or re-hydrate what was once wetlands. The remainder of the rights on the land, which total 3,600 acres, are also in negotiation to be sold to Polk County and the Southwest Florida Water Management District, also called Swiftmud. The total value of the deal is $11 million.

In Kenansville, FL Saunders represented LLR-11 Limited Partnership in an $11.6-million deal with the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida (Florida Fish & Wildlife Conservation Commission). The 1,656 acres of property, located next to the Three Lakes Wildlife area, will be an expansion of state's land, which is used publicly for hunting. Sauders also represented the FF&WCC in the deal.

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.