Richland Communities Acquires 3229 Acre Development Site In Kenansville For $110 Million

The asset involved in the transaction is a development site encompassing 3,229 acres located on North Canoe Creek Road, Kenansville. The property was sold for a total of $110,000,000, providing potential for mixed-use development. It is strategically positioned near Orlando and its key attractions, with direct access to the planned Southport Connector Expressway.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $110,000,000
• Address: North Canoe Creek Road
• Market: Kenansville
• Acres: 3,229
• Buyer: Jack Bray & Matt Bray - Richland Communities
• Brokers: Dean Saunders & Dusty Calderon - SVN Saunders Ralston Dantzler

Richland Communities, represented by Jack Bray and Matt Bray, successfully completed the purchase of the South Lake Toho Development site. This transaction was facilitated by brokers Dean Saunders and Dusty Calderon from SVN Saunders Ralston Dantzler, showcasing the capabilities of both the buyers and their representatives in executing this significant deal.