At about 36 cents per sf, the buyers, Florham, NJ-based Gale& Kitson, along with partner Morgan Stanley of New York, pickedup a choice tract at "better than fair market value," a Daytonaindustrial broker tells GlobeSt.com. "They got a helluva good dealbecause that location can only continue to increase in value in thecoming years."

Sydney Kitson, an offensive guard in the National FootballLeague in the mid-1980s with the Green Bay Packers and DallasCowboys, is chairman and CEO of Gale & Kitson, a golf courseand residential real estate developer with major active projects inWest Palm Beach and New Jersey.

Bill McMunn, president and CEO of Consolidated-Tomoka, says thesale includes acreage around the Legends golf course, severalcommercial parcels fronting International Speedway Boulevard andLPGA Boulevard, and a hotel/resort parcels adjacent to the LPGAInternational clubhouse. The site is about 50 miles northeast ofDowntown Orlando.