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Business Observer Friday, Dec. 9, 2005 16 years ago

Real Estate Briefs (Lee/Collier)

Rinker buys citrus land in Collier CountyAssisted living facility sold as part of restructuringBuilder plans townhomes in Fort MyersJack Parker Corp. buys shopping centerTaylor Woodrow to buildluxury townhomes at MediterraCenterline Homes buys two parcels in Fort Myers
by: Adam Hughes Staff Writer

Real Estate Briefs (Lee/Collier)

Rinker buys citrus land

in Collier County

Buyer: Rinker Materials West LLC

Seller: Jack M. Berry Inc.

Property: 3883 State Road 29 and 2885 Edwards Grove Road, Collier County

Price: $7.6 million

Attorney on deed: Floyd & Sammons, PA, Winter Haven

Plans, description: Rinker Materials, a West Palm Beach-based building materials company, bought 604 acres of citrus groves from Jack Berry. "We will lease the property back to the citrus grower for at least 10 years," says Paul Brittain, vice president of finance for Rinker's quarries division. However, Brittain says the land could one day be used to mine sand for concrete production.

Assisted living facility

sold as part of restructuring

Buyer: Heron House of Fort Myers LLC

Seller: Horizon Senior Lifestyles III

Property: 9731 Commerce Center Court, Fort Myers

Price: $11 million

Attorney on deed: David A. Bacon, Esq., St. Petersburg

Plans, description: Heron House Management of St. Petersburg transferred ownership of a 120-unit assisted-living facility in Fort Myers among related entities as part of a corporate restructuring, says Kerry Bingaman, the company's chief financial officer. Heron House currently manages five assisted living facilities in the state, including two that it owns.

Builder plans townhomes

in Fort Myers

Buyer: Welcome Homes LLC

Seller: Winkler 11 75 LLC

Property: 4051 Winkler Ave. Extension, Fort Myers

Price: $6.5 million

Law firm on deed: Atlantic Land and Title Co., Boca Raton

Plans, description: South Bay Land and Development, a Naples-based real estate firm, bought 16.5 acres on Winkler Avenue Extension and plans to take it through the building-entitlement process on behalf of an undisclosed national builder. The current plan calls for 200 townhomes, says Clark Pear, managing director of South Bay Land. Pear says he expects the process to take about six months to one year.

Jack Parker Corp. buys

shopping center

Buyer: Parker Promenade LLC

Seller: Michael J. Roach, Trustee

Property: 14680 South Tamiami Trail, Fort Myers

Price: $6.3 million

Attorney on deed: Ronald W. Ritchie, PA, Naples

Plans, description: The Jack Parker Corp. bought a 155,000-square-foot shopping center at the intersection of U.S. 41 and Gladiolus Drive in Fort Myers. The company plans to redo the fa├žade and improve the space. "We're going to give it a facelift," says Kerry Trowbridge, Parker's senior vice president in Fort Myers. The center is fully leased.

Taylor Woodrow to build

luxury townhomes at Mediterra

Buyer: Taylor Woodrow Homes

Seller: Long Bay Partner LLC

Property: Eight acres at Mediterra in Naples

Price: $6.2 million

Title firm on deed: Tarpon Title Services, Bonita Springs

Plans, description: Taylor Woodrow Homes, a British company with North American headquarters in Bradenton, bought eight acres at Mediterra, a Bonita Bay Group residential development in Naples. The site will allow 39 lots for luxury villas with average home prices of about $900,000. "We hope to start construction in April," says Mike Dady, vice president of acquisitions for Taylor Woodrow.

Centerline Homes buys

two parcels in Fort Myers

Buyer: Colonial Treeline Investments LLC

Seller: Steven E. Hithersay, Trustee

Property: 10581 Colonial Blvd., Fort Myers

Price: $2.7 million

Previous price: $846,000, June 1989

Attorney on deed: Pavese Law Firm, Fort Myers

Buyer: Colonial Treeline Investments LLC

Seller: Kerry Cameron, Trustee

Property: 14-acre parcel behind 10581 Colonial Blvd., Fort Myers

Price: $2.7 million

Previous price: $700,000, December 1991

Attorney on deed: Pavese Law Firm, Fort Myers

Plans, description: Centerline Homes, a Coral Springs-based homebuilder, bought 28.6 acres on Colonial Boulevard in Fort Myers. "We're currently working with the city of Fort Myers on a site plan," says Scott Backman, director of acquisitions and entitlement. Backman declined to talk about plans for the property, except to say that it will be a residential development with some commercial component. He expe

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