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Florida & Gulf Coast  + Gulf Coast  + Apartments  |  February 11, 2020
David Cohen
By: David Cohen

Marcus & Millichap Brokers Sale of 18-Acre Panama City Beach Development Site

Marcus & Millichap has brokered the $1.9 million sale of a nearly 18-acre development site in Panama City Beach.

The property, Panama City Beach Residential Land, is located at 2204 Thomas Dr., and is permitted for 186 multifamily residential units. The site, which is located two miles from the beach, has a development order and wetland resource permit in place.

Paul Bouldin and Christopher Burnham of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer, a developer limited liability company, was secured by Reese Abee of Marcus & Millichap.

Connect South Florida is coming to Key Biscayne on Feb. 26, 2020. For more information, or to register, click here.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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