MAITLAND - NAI Realvest recently negotiated the $4,000,000 sale of a 46-acre commercial development site on Colbert Lane and SR 100 off I-95 in Palm Coast.
The site is fully entitled and permitted to develop over 300,000 square feet of mixed-use space, according to Chris Butera, associate at NAI Realvest who negotiated the sale along with principal and managing partner, Paul P. Partyka representing the seller, Ormond Beach-based Colbert Lane LLC.
The transaction was the first part of a project workout that includes an additional 32 acres of permitted land for a total of 78 acres, Butera said.
The purchase was made by Coral Gables-based Gold Royal Asset, LLC and ranks as one of the largest land transactions in the Palm Coast area in the past two years.
For more information, contact:
Chris Butera, Associate NAI Realvest 386-453-4789 cbutera@realvest.com; Paul P. Partyka, Managing Partner/Principal NAI Realvest, 407-875-9989, ppartyka@realvest.com; Patrick Mahoney, Principal/Chief Operating Officer, 407-875-9989; Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142
About NAI Realvest:
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 325 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.
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