Colliers Gainesville Facilitates $6.75 Million Land Sale

Property to become 300-unit multifamily project at Newberry Park

November 4, 2019 — Gainesville, Fla.The Colliers Gainesville Team has facilitated the $6.75 million sale of a 300-unit multifamily site at Newberry Park, located at 12019 W. Newberry Road in Gainesville. The purchase closed on September 30, 2019.

Dan Drotos, Rory Causseaux and Mike Ryals represented the seller, Parkwood Alachua Land Investments, Inc., in the transaction. The property will be used for the development of Newberry Park, a 300-unit multifamily project that is anticipated to break ground before the end of 2019.

The development was approved under Alachua County’s Traditional Neighborhood Development (TND) ordinance. Located between the Oaks Mall and I-75 trade area in west Gainesville and the affluent Jonesville/Tioga suburb to the west, this property is ready for development and includes all utility connects, off-site stormwater and internal parking and road systems. The property has also been approved for up to 150,000 square feet of commercial development.

“Gainesville’s multifamily market has grown at a rapid pace in recent years, as changing dynamics in the housing market have created demand for more upscale, walkable, mixed-use housing options,” said Drotos. “Newberry Park will provide unique amenities in the growing Jonesville submarket, which Gainesville’s multifamily market has not seen before.”

The Colliers Gainesville Team can be reached at 352-420-9889 and on social media at @ColliersGainesville.


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Dan Drotos

Senior Director

Gainesville

As the Senior Director of the Gainesville office for Colliers, Dan leads the firm's presence in Alachua County and the surrounding sub-markets by providing commercial real estate solutions for his clients. His team specializes in commercial and land transactions (sales & leasing) including office, retail, industrial, and multi-family. With well over 100 years of combined local knowledge and service, they strive to continuously raise the bar for their clientele. 

Prior to joining Colliers International, Dan served as Vice President of the Commercial and Land Division at an independent firm in Gainesville where he was a partner in The Drotos Ryals Group. His team has successfully transacted over $1 billion in local (Alachua County) commercial real estate. Dan holds both a Master of Science in Real Estate (MSRE) and Master of Building Construction (MBC) from the University of Florida along with multiple professional designations, including Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR). He also also serves in several industry, civic, and non-profit organizations such as: The Urban Land Institute, Ronald McDonald House of North Central Florida, First Federal Bank of  Florida, United Way, and Leadership Gainesville.

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Rory Causseaux

Associate Director

Gainesville

Rory graduated from the University of Florida with a degree in civil engineering and has spent the past 35 years in Gainesville as a professional consultant in the land-development industry. Shortly following his graduation, Rory founded CHW Professional Consultants. Serving the company for the last 30 years, Rory’s roles shifted from Vice to President, to CEO and later to Founder. Under Rory’s leadership, the company grew from 13 employees to 85 employees and increased its gross revenue to well over $10 million.

 As a professional engineer, Rory has worked on thousands of projects within Alachua County and the southern United States. Having worked with numerous owners and developers on single-family, multi- family, commercial, retail, industrial and institutional uses, Rory has discovered a uniqueness to each property and project after having worked in such a diverse market of land development. Rory’s engagement and leadership doesn’t stop there, he is well known in the Gainesville community for his roles in many different organizations, some of which include Rotary club of Gainesville Sunrise (President), Climb for Cancer Foundation (Board Member), Builders Association of North Central Florida (BANCF) (past Associate Vice-President), American Heart Association (2018 Heart Walk Chair) and Gainesville Chamber of Commerce (Board Member since 2013, Chair of The Board 2017, currently Immediate Past-Chair).

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Mike Ryals

Executive Director

Gainesville

Mike Ryals has been the dominant name in commercial real estate in the Gainesville marketplace for over 25 years. Mike has handled in an excess of over a billion dollars in commercial real estate transactions with clients ranging from individual local business owners to large corporate clients such as Walmart, Taco Bell, Dukin Donuts, UF Health/Shands and many others.

As a fourth generation Floridian who has always lived in Gainesville, Mike knows the market well. He first entered real estate in 1978 and quickly grew to love the business, becoming the company’s top producing agent in 1979. He has consistently retained this level of success throughout his career.

Mike became a broker in 1980, opened and built his own real estate company in the mid 80’s, sold his company to Bosshardt Realty in 1986, and has served as Senior Vice President of the Bosshardt Commercial division until his recent transition to Colliers where he will serve the team behind the scenes in an advisory capacity.

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