Agreement for $565 Million Purchase of 382,834 +/- Acres

Dean Saunders, ALC, CCIM and Jack Vogel of Coldwell Banker Commercial Saunders Real Estate in Lakeland, Florida have facilitated the sale agreement on behalf of their buyer, AgReserves, Inc. a tax-paying affiliate of The Church of Jesus Christ of Latter-Day Saints.

The sale agreement is for $565 million for 382,834 +/- acres of timberland in the Florida panhandle. The land is currently owned by the St. Joe Company.

Land Sales Covering Half the State of Florida Total $5.95M by CBC Saunders Real Estate

Announcing recent closings by the brokers and sales agents of Coldwell Banker Commercial Saunders Real Estate in Lakeland, FL that have totaled nearly $6M and covered half the state – closings are for the months of July and August.

$1,300,000 sale, Suwannee County, 910 +/- Acres – Dean Saunders, ALC, CCIM, represented the buyer for a 910 +/- acre parcel located near Live Oak, FL. The seller was represented by Saunders along with Tony Wallace, CF, who is a part of the CBC Saunders Real Estate | Forestry Group and a partner of Natural Resource Planning Services, Inc. The closing date was 8/16/13. The River Acres property is pristine, natural Florida land, which shares a 3.5-mile boundary with the Suwannee River State Park. Ideal for farming and recreation, there is plentiful wildlife for hunting. River Acres is protected by a conservation easement, which maintains and safeguards the preservation of this stunning property.

1,070,415 sale ($13,215 per lot), Hernando County, 81 vacant finished lots, ready-to-build, each on 0.5 acre - Clay Taylor, ALC and David Hitchcock, ALC, CCIM, represented the buyer. The seller was represented by Century 21 Alliance Realty. The sale closed on 8/13/13. The Plantation Palms subdivision is off Drysdale Street in Spring Hill, FL (Hernando County) and located just west of the Suncoast Parkway and the Hernando County Airport.

$1,508,000 sale ($13,000 per lot), Lake County, 116 vacant finished lots, ready-to-build – Clay Taylor, ALC and David Hitchcock, ALC, CCIM, represented the seller and the buyer. The sale closed on 7/31/13. The Chelsea Run subdivision is off Register Road just east of Hwy 441/27 in Fruitland Park, FL (Lake County).

$1,150,000 sale, Hillsborough County, 189 +/- Acres – Dean Saunders, ALC, CCIM, represented the seller on a citrus grove sale. The Carlton Lake Grove, located in Hillsborough County, is a 189 +/- acre producing grove with 43.66 +/- acres of Valencia oranges and 146.2 +/- acres of Hamlin oranges, including 10% resets. The closing date was 7/17/13.

$925,000 sale, St. Lucie County, – 145 +/- Acres – Jeff Cusson, CCIM, represented the buyer for a 145 +/- acre parcel sale located in Fort Pierce, FL. The seller was represented by Nik Schroth with NAI Southcoast, Stuart, FL. The closing date was 7/11/13. The transitional property was a former citrus grove with frontage on Indrio Rd and Johnston Rd. in St. Lucie County. The property was purchased for investment and future development

Richard Dempsey, ALC of CBC Saunders Real Estate Inducted into the Florida Realtors® Honor Society

Richard Dempsey, ALC, sales associate at Coldwell Banker Commercial Saunders Real Estate (CBCSRE) in Lakeland, FL, has been inducted into the statewide Florida Realtors® Honor Society. Dempsey received the Honor Society pin at the 90th anniversary celebration of the Lakeland Association of Realtors® (LAR) at the Eaglebrooke event in Lakeland, Florida.

Florida Realtors® established an Honor Society to recognize active members in their state association for participation at the local and national levels of the Realtor® organization; for activity in the National Association of Realtors’ Institutes, Societies and Councils; for designations earned, educational activities, and political involvement.

Dempsey was voted Realtor® of the Year in 2011 by the Lakeland Area Association of Realtors® (LAR). He was the 2012 Florida Realtors® District 10 Vice President and serves as the Federal Political Coordinator for U.S. Congressman Dennis Ross.  He was the 2010 president of LAR and a past chairman of the RPAC Committee.

Dempsey has been associated with Coldwell Banker Commercial Saunders Real Estate since 2000 and specializes in large acreage tracts, citrus groves, and development properties. His background includes former state certified general appraiser appraising a wide variety of properties.
He has received numerous industry awards for outstanding sales in real estate, including three times in the top 2% worldwide sales associates in the overall Coldwell Banker Commercial (CBC) affiliate network and top #2 rank in the region for sales performance by Florida Gulfcoast Commercial Association of REALTORS® (FGCAR), among others.

Dempsey is a Lakeland native. In addition to his service to the Lakeland Association of Realtors®, he has served on the corporate Coldwell Banker Commercial technology council