Strawberry farm sold for $1.7M

Gladstone Land Corp., a McLean, Va.-based real estate investment trust that acquires agricultural land, purchased a Hillsborough County strawberry farm for $1.7 million.

As part of the acquisition, Gladstone assumed a lease with a “leading global berry operator” to run the 70-acre Lithia farm through at least 2021, with an option through 2026, the company announced.

“We are excited to add to our farmland holdings east of Tampa, a great growing region with significant development pressure,” says Bill Frisbie, the company's managing director for the Eastern U.S., in a statement.