ORLANDO – NAI Realvest closed on a 17.45 Acre parcel located on Goodman Road at Masters Boulevard in the Champions Gate resort area. The property sold for $2,494,500. The seller wasDewan Properties and was represented by Mary Frances West, CCIM and Jon D. Walls, RLA, MiCP, with NAI Realvest. The buyer was a partnership between Brian Martin and DDC, an Ohio based development company. The property will be developed for a 355 unit luxury apartment complex by Cortland from Atlanta. The property sold is part of a 123 acre property that has approvals from Osceola County for high density multi-family residential land use. The remainder of the property is under contract with a master developer. The property is located between Champions Gate and Reunion, and a new extension of Bella Cita Blvd is being designed by Osceola County to connect the remainder of the property to SR 429.
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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 400 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.