American Landmark, Prospect Real Estate Group, And Advantis Development Acquire Development Site In Palm Bay For $4.32M

A development site located at 4846 Dixie Highway in Palm Bay has been sold for a total price of $4,323,370. The property, which was part of a closed transaction, was acquired by American Landmark, Prospect Real Estate Group, and Advantis Development. The sale was facilitated by Moushumi "Chinni" Ganguli of CityLights RE, Inc.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,323,370
• Buyer: American Landmark - Joe Lubeck; Prospect Real Estate Group - Richard Zahn Sr. & Michele Zahn; Advantis Development - Navish Chawla & Willie Frias
• Seller: Engineer Realty, Riverview Holdings, Kit Investments & Svoboda Trust
• Buyer's Representative: Moushumi "Chinni" Ganguli - CityLights RE, Inc.
• Market: Palm Bay

The buyers of the property include American Landmark, Prospect Real Estate Group, and Advantis Development. The transaction was handled by Moushumi "Chinni" Ganguli of CityLights RE, Inc. The sellers involved in the deal were Engineer Realty, Riverview Holdings, Kit Investments, and Svoboda Trust. The asset, located at 4846 Dixie Highway in Palm Bay, offers potential for development and attracted interest from multiple parties.