Two deals close in Palmetto, 248 residences planned

Two property deals in Palmetto closed recently that will bring 248 new residential units to the area, according to commercial real estate firm SVN Commercial Advisory Group, which brokered the transactions. Together, the sites, totaling more than 22 acres, sold for nearly $3.9 million. The properties will become apartments and townhouses, respectively.

A 9.16-acre mixed-use development site at 9025 U.S. 41 sold for $2.6 million, according to SVN. Property records show the buyer is Matcre LLC of Fort Lauderdale, while the seller is OHM Teerth Investment and Consulting LLC.

The buyer plans to develop 180 apartments on the property, according to SVN.