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Developer partners with The Villages on massive industrial land buy

Monarch Ranch The partnership purchased Monarch Ranch. (AVISON YOUNG)
(AVISON YOUNG)

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Benderson Development has partnered with The Villages to buy more than 3,400 acres of industrial land in Sumter County.

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The partnership purchased Monarch Ranch, at the intersection of Interstate 75 and the Florida Turnpike between Wildwood and Coleman, for $40 million. Avison Young, which marketed the property for sale, announced the transaction on Jan. 16. A deed has not yet been filed in Sumter County.

Avison Young principals Jay Ziv, Michael T. Fay, John K. Crotty, David Duckworth, Brian de la Fé and Greg Morrison marketed and sold the site.

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Click here to read the full story on the Orlando Business Journal’s website.

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