MetLife selected CBRE as the exclusive listing agent for a 20,523-acre portfolio of Florida agricultural land located in St. Lucie, Indian River and Okeechobee counties. The portfolio includes a mix of pasture, transitioning grove, productive agricultural and game reserve land. The properties are located across four separate tracts of land – Cloud Grove (7,389 acres), Ginn Ranch (3,745 acres), Horizon Ranch (616 acres) and Smith Ranch (8,786 acres) – within the westward path of development of the Port St. Lucie and Fort Pierce metropolitan area.
“The Florida land market has historically witnessed large run-ups in pricing due to cyclical demands for housing and acquisition of land for conservation,” said Robbie McEwan of CBRE Land Services in Orlando. “With the housing market experiencing a strong comeback and renewed funding for state land conservation in Florida, this portfolio represents a rare opportunity to purchase a part of Florida’s history.”
