July 28, 2014

Profile and Update

Citrus Grower Callery-Judge Grove

Investors might have an exit strategy.

Mike Vogel | 6/17/2011

LOXAHATCHEE — A few times in recent years, the 200 investors behind citrus grower Callery-Judge Grove, in business since 1962, have nearly realized an exit strategy from the 3,900-acre property. One plan called for putting 10,000 homes there, but local government opposed that. Smaller projects never got off the ground. Now, investors face a different exit —? a foreclosure suit filed by Prudential. General manager Nat Roberts says the mortgage is a long-standing agricultural loan that matured. Citrus disease, the real estate market and other issues have complicated refinancing. Roberts says he's confident the loan will be restructured successfully.

Tags: Southeast, Agriculture

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

HangIVer Bar sticks it to customers to cure fatigue, hangovers
HangIVer Bar sticks it to customers to cure fatigue, hangovers

The HangIVer Bar in South Tampa does hydration therapy for treating fatigue, illness and, yes, hangovers. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Which quality tops the list and makes a company a great place to work?

  • Compensation (incl. commissions or stock options)
  • Benefits
  • Working conditions, morale
  • Flexibility (i.e. balancing work/life)
  • Extra perks (i.e. on-site child care, food/coffee provided)
  • Opportunity for advancement
  • Other (comments welcome)

See Results

Ballot Box
Subscribe