Sun Terra, JEN Partners buy land for Brandon community

BUYER: Jen Florida XVII LLC (Jen IV GP LLC and Sun Terra Communities I LLC), Oviedo
SELLER: Cardanell Farms I LLC
PROPERTY: 725 Lithia Pinecrest Road, Brandon
PRICE: $12.4 million
PREVIOUS PRICE: $1.97 million, October 1980
LAW FIRM ON DEED: Richards Gilkey Fite Slaughter Pratesi & Ward PA, Clearwater

PLANS, DESCRIPTION: A joint venture of Oviedo-based developer Sun Terra Communities and New York City-based JEN Partners purchased 85.7 acres of pasture land for $12.4 million.

The price equated to $144.741 per acre.