October 7, 2015
CBD Real Estate Investment LLC of Celebration Florida has acquired 44 acres of land off of Berkley Road and Pearce Road in Auburndale, Polk County Florida,
Here, CBD proposes to build 190 single family detached home sites. The project will be known as “Berkley Ranch.” CBD has hired Cornelison Engineering of Zephyrhills Florida to engineer and permit the development. Construction is expected to commence by the second quarter 2016
Berkley Ranch Investors LLC, an affiliate of CBD, bought the land in two separate transactions. 19.7 acres were purchased from SONANSTINE TRUST on September 4, 2015 for $325,215.00. The remaining 23.6 acres were purchases from B @ F Central Florida Citrus LLC on September 11, 2015 for $375,000.00. Both were cash transactions.
CBD Real Estate Investment LLC is a Celebration based real estate investment, development and building company with additional offices in Arizona and New Jersey.