LAKE WALES, FL-The Atlantic Blue Group headquartered here reports has put on the market for sale land holdings that currently house citrus, farm and cattle ranch operations on more than 65,000 acres in the State of Florida.
The multi-generation real estate management, acquisition and development company based here has hired CBRE Group, Inc. to manage the sale and transfer of its assets, as well as provide strategic counsel throughout the process, company officials stated. The company's land holdings that are now on the market for sale include: Blue Head Ranch, Blue Head Farms and Tri-County Grove.
“The current business climate, along with recent changes in tax law, gives us the unique opportunity to explore the possible sale of these assets to maximize value for our shareholders,” states David Koon, president and CEO of Atlantic Blue. “It is our hope that the future owners will carry on Atlantic Blue's legacy of responsible and innovative stewardship of these assets.”
Blue Head Ranch and Blue Head Farms provide cattle grazing leases, farmland for specialty crop leases, vegetable and hunting leases, as well as a cooling and packing facility. Both are located on approximately 65,000 acres in Southwest Highlands and DeSoto counties. Tri-County Grove is a citrus operation located on 490 acres in Highlands County.
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