Vacant tract in Largo sells for $6 million
December 4, 2019 - Lantower Largo HWY 19 Tampa LP, a company associated with a Dallas-based multi-family developer, has bought a vacant eight-acre parcel in Largo for $6 million. The property, on U.S. Highway 19 just south of Whitney Road, sold for $800,000 over the asking price after the city of Largo proposed an increase in density for the area, according to a news release from Colliers International. The Gerlach Team, which includes John Gerlach, Mackenzie Gerlach, Jake Gerlach and Cyndi Cushman, represented the seller, Wilder, LLC. Bill Eshenbaugh of Eshenbaugh Land Company represented the buyer. The property is zoned for general commercial use, and the buyer hasn't disclosed plans for the property. However, the buyer shares a corporate address with Lantower Luxury Living, the property management division of Lantower Residential and with a portfolio of more than 7,500 apartments located in eight cities across Texas, Florida and North Carolina.