GEORGETOWN COMMUNITY SITE SOLD FOR $800,000

Ft. Lauderdale, FL – August 9, 2011 – (RealEstateRama) — CB Richard Ellis (CBRE) arranged the sale disposition of a 27-acre Georgetown Community site for $800,000 to Arch, LLC. The bank-owned asset comprised six fee-simple completed units and 118 finished fee-simple lots with entitlements and infrastructure. The site is situated on the southern part of the 320-unit Georgetown Community partially developed by Centerline Homes in 2005.