Cushman & Wakefield announced the sale/joint venture of a 157-acre parcel of land adjacent to The Villages® retirement community in the city of Wildwood, Florida. Philip Glassman, a Director in the Retail Brokerage Group of Cushman & Wakefield’s Tampa office, brokered the $30 million sale/joint venture with the Barclay Group. Cushman & Wakefield has also entered into a co-marketing agreement with the Barclay Group to market the mixed use project.
The Barclay Group is a principal and the developer of the property. The development on the property, slated to begin in the latter part of 2014, will be a mixed-use project that will include retail, residential/senior housing, medical office, office and institutional components.
The property is located at 446A and Buena Vista Boulevard, adjacent to The Villages®, in the City of Wildwood.
Based in Palm Harbor, Florida, with offices in Scottsdale, Arizona, the Barclay Group is a full-service commercial real estate firm that develops, leases and manages an array of commercial retail properties, from large power centers to single-tenant buildings.
The Villages® is the largest age-restricted active adult community in Florida, spanning more than 20,000 acres.
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and management assignments. Founded in 1917, it has 253 offices in 59 countries, employing more than 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge