COASTOAK GROUP ACQUIRES CONNERTON PROJECT

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PASCO COUNTY, FLA. — Dallas-based CoastOak Group has acquired Connerton from Terrabrook, the previous developer, for an undisclosed price. Located in central Pasco County, the 4,800-acre, mixed-use master planned community is the only “New Town” currently under construction in the greater Tampa Bay area. As planned the community will feature approximately 8,500 residential units and more than 3 million square feet of commercial space for office, industrial and retail uses. The community currently features onsite shopping, a long-term acute care facility, a soon-to-open elementary school, Club Connerton, neighborhood parks and conservation areas.

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