Earlier this month, Georgia-based Cat Tail LLC and Zibelin LLC purchased 5,000 acres of timberland from Corbett Industries Inc. Maus, Warwick, Matthews & Co. broker, Jason Windham, put together the $7.3 million deal.
The 18-tract portfolio is located primarily in Pender and Duplin counties, but also in Brunswick, Columbus and Bladen counties. The tracts that made up this sale were comprised mainly of managed pine plantations, and have been that way for many years.
Corbett Industries Inc. has retained and continues to market more than 10,000 acres throughout southeastern North Carolina that significant development potential.
Teddy Davis, the president of Corbett Industries, told the Greater Wilmington Business Journal, “On behalf of Corbett Industries, we are incredibly grateful for the hard work and wonderful job that Jason Windham has done.”
Read the full story at The Greater Wilmington Business Journal.