NAI Realvest Closes $16.7 Million Land Sale to Lennar
180 Acres Will Expand Homebuilder’s Successful ChampionsGate Community
ORLANDO, Fla. – NAI Realvest closed on the sale of 180 acres located on Bella Citta Blvd. at Westside Blvd. adjacent to the ChampionsGate master planned community south of Orlando in the Four Corners area. Lennar Homes, LLC purchased the land for $16.7 Million
Jason G. Toll, MiCP, Director at NAI Realvest, brokered the transaction on behalf of the buyer, and the seller Kendrick Grove managed by the Davidow and Fox families of Orlando.
“This acquisition by Lennar will serve as a continuation of its highly successful ChampionsGate project,” said Toll.
Site development will get underway this summer.
Public records note the land was approved for 310 homes, townhomes and condominiums to be built in two phases as well as an amenity center and private park.
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NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.