LABELLE, Fla., Dec. 8, 2015 /PRNewswire/ -- Approximately 1,278 acres of Hendry County land -- most of it irrigated cropland -- will be offered at auction Tuesday, Jan. 26, 2016, by Murray Wise Associates LLC in cooperation with Crosby & Associates, Inc. The auction is being conducted as part of the Chapter 11 proceedings for Nobles Farms, Inc., Flatwood Citrus Groves, Inc. and Southwest Florida Holdings, Co.
The property will be offered in 13 tracts, including groves in three locations in the northern part of the county, as well as a two-acre commercial lot in LaBelle. Properties include:
- Flatwood Groves -- Approximately 516 acres offered in seven tracts, located along both sides of Ponderosa Ranch Road in the Gerber Groves water control district.
- Barfield Grove -- A single tract located south of Sears Road with 496 contiguous acres, including 220 acres of mature citrus, 199 cleared acres and a 24-acre reservoir.
- River Road Grove -- Approximately 264 acres, with 157 planted tree acres, 58 cleared acres, a 12-acre reservoir and a four-acre home site. It is located along Fort Center Avenue, Fort Keis Avenue and Bonneville Road.
- Commercial Lot -- The two-acre commercial lot is at 1150 Commerce Drive, LaBelle, south of the central business district in the LaBelle Airport Commerce Park.
"This property has a great deal of versatility, including mature citrus, transitional farmland and even ground that could qualify for organic certification," said Ken Nofziger, president of Murray Wise Associates. "With cropland tracts ranging in size from 34 to 496 acres, this offering will appeal to developers, investors, small farmers and large grower/operators."
The auction will begin at 1 p.m. Eastern at LaBelle Civic Center, 481 W. State Road 80, LaBelle. Auction representatives will be available to provide detailed information from 9 a.m. to noon on Dec. 16 and Jan. 6. The information open houses will be at Florida Southwestern State College, 1092 E. Cowboy Way, LaBelle, Florida. Individuals seeking detailed information may visit www.murraywiseassociates.com or www.crosbydirt.com, or call 800-607-6888.
Murray Wise Associates LLC, headquartered in Champaign, Illinois, is a leading national agricultural real estate marketing and financial advisory firm, with additional offices in Naples, Florida and Clarion, Iowa. Crosby & Associates, Inc. based in Winter Haven, Florida, markets land throughout Florida and surrounding states.
For more information:
Carl Carter, 205-823-3273
SOURCE Murray Wise Associates LLC