Cushman & Wakefield Negotiates the Sale of 157-Acres in Central Florida and Joint Venture Development Deal with Barclay Group

Cushman & Wakefield announced the sale/joint venture of a 157-acre parcel of land adjacent to The Villages® retirement community in the city of Wildwood, Florida. Philip Glassman, a Director in the Retail Brokerage Group of Cushman & Wakefield’s Tampa office, brokered the $30 million sale/joint venture with the Barclay Group. Cushman & Wakefield has also entered into a co-marketing agreement with the Barclay Group to market the mixed use project.

The Barclay Group is a principal and the developer of the property. The development on the property, slated to begin in the latter part of 2014, will be a mixed-use project that will include retail, residential/senior housing, medical office, office and institutional components.

The property is located at 446A and Buena Vista Boulevard, adjacent to The Villages®, in the City of Wildwood. Based in Palm Harbor, Florida, with offices in Scottsdale, Arizona, the Barclay Group is a full-service commercial real estate firm that develops, leases and manages an array of commercial retail properties, from large power centers to single-tenant buildings.

The Villages® is the largest age-restricted active adult community in Florida, spanning more than 20,000 acres.   Article Link