Saturday, September 10, 2016

NAI Realvest closes on $1.2 Million+ Sale of Townhome site within Sanford’s Reagan Center Mixed-Use Development in Sanford, FL

Paul Partyka
LONGWOOD, FL  --- NAI Realvest recently completed the $1,209,100 sale of a 8.28-acre multifamily development site in Reagan Center, one of Florida’s benchmark mixed-use development projects located on U.S. Highway 17-92 and Ronald Reagan Blvd. in Sanford. 

Paul P. Partyka, Partner at NAI Realvest and Broker of Record for Reagan Center, negotiated the transaction along with Associate Juan Jimenez representing the seller, Sydney Levy.  

 Orlando-based Park Square Enterprises, LLC purchased the site bordered by Reagan Blvd. and Thomas Stable Road.  Park Square will start construction on 86 townhomes and plans to have the first phase completed by early next year. 

Partyka said Reagan Center will eventually accommodate as much as 2.4 million square feet of restaurants, retail, offices, apartments and townhomes.

Park Square was represented by Craig Routhier of Troon Properties, Inc.

For a complete copy of the company’s news release, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

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