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South Florida

Lennar pays $36 million in Parkland

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Lennar Homes has paid $36 million for a 120-acre site in Parkland near
Couty Line Road. The seller was Debuys Property Investment Group, a Lake
Worth-based company that also granted Lennar a $27.5 million mortgage.
Lennar has first-refusal rights to purchase a site nearby at County Line
Road and University Drive, which is slated for a mixed-use development.
[SFBJ]

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