In preparation for a future solar farm, Florida Power & Light has purchased a 1,287-acre tract of land in an area of western Palm Beach County, Fla.
The SVN Florida Land Alliance coordinated the sale of the land, which is in an area known as The Acreage/Loxahatchee Groves. Senior advisor Ashley Barrett Bloom, SVN’s national land and development services product council chairman, handled the $19.3 million transaction for the seller.
The transaction was closed on Wednesday by Bloom, who has also served as an owner’s representative for the past three years on the project.
“This property represented one of the last opportunities to purchase a significant tract in this prestigious county,” says Bloom.
The tract is bordered on three sides by a planned large-scaled housing project by GL Homes.