Hawthorn Retirement Group buys land for independent-living project

By Business Observer Staff
| 3:47 p.m. March 21, 2014
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Manatee-Sarasota

BUYER: Lakewood Ranch Retirement Residence LLC (Hawthorn Management Services Corp.), Vancouver, Wash.
SELLER: Schroeder-Manatee Ranch Inc.
PROPERTY: a portion of land north of Town Center Parkway west of Natures Way, Lakewood Ranch
PRICE: $1.3 million
TITLE FIRM ON DEED: University Title Services, Lakewood Ranch

PLANS, DESCRIPTION: Hawthorn Retirement Group purchased 4.43 acres of vacant land north of University Parkway in Lakewood Ranch Town Center for $1.3 million.

The price equated to $293,255 per acre.