Gem Groves Company's 464 acres of orange groves south of Winter Garden was sold last week for $9.8 million to a joint venture involving Altamonte Springs-based real estate brokers and managers The Titan Group.
Located at 17607 Flemings Road, the land sits in the Four Corners area north of Horizon West, sandwiched between the Lake County line on the west and Avalon Road (SR 545) on the east. The land wraps around three-quarters of Lake Star, and is surrounded largely by undeveloped property in all directions.
Gem Groves Company in Winter Garden did not return telephone calls seeking comment on the sale. Neither did Heller Brothers in Winter Garden, which was managing the groves.
Dale Avery, a principal with Titan Group, is attending to a pressing family issue and couldn't elaborate on plans for the land.
The buyer entity, Titan-Liberty Lake Underhill Joint Venture Village I 545 LLC,is a partnership between Titan-Liberty Lake Underhill Joint Venture and Village I-545 LLC, according to the deed.