Avison Young retained to sell one of largest land parcels available in Pasco County for mixed-use development, +/- 6,400-acre “Angeline”
Michael T. Fay and Jay A. Ziv tapped to spearhead disposition of land listing at Suncoast Parkway / S.R. 52 intersection
Pasco County, FL — Avison Young has been tapped to sell one of the largest land acquisition opportunities on the market in Pasco County, Fla., “Angeline.” Spanning +/- 6,400 acres, the property offers frontage ideal for mixed-use development along highly-trafficked thoroughfares Suncoast Parkway and State Road 52.
Avison Young’s Michael T. Fay, Principal and Managing Director, Miami, and Jay A. Ziv, Senior Vice President, will spearhead the marketing and disposition of Angeline. The firm was awarded this assignment based on the strength of its land sales throughout the Southeast, totaling thousands of acres sold for private groups, hedge funds and corporate clients.
“Angeline is located in the heart of Pasco County, an economic development and growth area for West Central Florida and an auxiliary submarket between Tampa and Orlando,” said Fay. “With commercial and residential development picking up in the immediate vicinity, the land asset poses a unique prospect for an investor / developer to capitalize on the demand for lifestyle amenities.”
Connected to Tampa Bay’s vibrant economy and culture with nearby cities such as Tampa, Clearwater and St. Petersburg and boasting ease of access to major highways, airports, railway lines and the deep seaport, Pasco County’s appeal to new business and an increased labor pool makes it a growing center for business, commerce and quality living. Amenities immediately surrounding Angeline include new Tampa Premium Outlets mall, Publix, Target, The Groves Golf & Country Club, 80-acre Land O’ Lakes Recreation Complex, a 42-mile bike trail known as Suncoast Trail, and several nature parks.
“Strong demographic suburban submarkets poised for growth are becoming more attractive to retailers seeking to expand throughout the Tampa Bay area,” added Ziv. “Development as a result of economic growth is a good market indicator for investors and developers interested in purchasing land for long-term projects that promise significant returns on investment. As such, Angeline represents an ideal opportunity.”
Avison Young’s operations provide best-in-class services to local, national and international clients while also networking with the firm’s other offices across the U.S. and Canada. For more information about Avison Young in Miami, please contact Mr. Fay or Mr. Ziv at (305) 446-0011 or visit http://www.avisonyoung.com/offices/miami.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,000 real estate professionals in 71 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.