CBD Acquires Property in Port Charlotte, Florida

Port Charlotte, Florida
June 17, 2012

CBD Real Estate Investment LLC of Celebration Florida today announced its acquisition of 44 single family building lots in North Port and Port Charlotte, Florida.

Although no purchase price was disclosed due to a mutual confidentially agreement with the seller, Naples based Royal Palm Bank, according to County records the total value of the land acquired was $742,000. According to David Waronker, CBD President, the company has no immediate plans for the land. According to Waronker, CBD continues to seek more lots and land in North Port and Port Charlotte, looking to acquire at least 500 lots before it starts to market its Charlotte County land inventory.

CBD and its partners own building lots and land throughout the continental USA, with its most significant holdings in Nevada, Texas, Arkansas, New Mexico, Texas and Florida. CBD has offices in Mount Laurel NJ and Scottsdale Arizona.

David Waronker

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