Jim Cullis Purchases Landmar Developer Assets at Grand Haven in Palm Coast, FL

Cullis was previously associated with Grand Haven’s developer as Manager of Landmar’s South-Central Region. Most of Grand Haven’s growth occurred during Jim’s tenure with Landmar.

Palm Coast real estate - Grand Haven - golf - GoToby.comPalm Coast, FL – December 1, 2010 – Once real estate developer Landmar’s regional manager, Jim Cullis has returned to Grand Haven. Today marks the closing of a transaction in which Cullis purchased the remaining developer assets of Landmar at Grand Haven in Palm Coast, FL. The purchase included a few remaining developer owned building lots, the real estate sales center, the real estate brokerage, and the developer (declarant) rights at Grand Haven.
Landmar was one of over 100 subsidiaries of Crescent Resources caught up in Crescent’s recent Chapter 11 bankruptcy. The smaller version of Crescent Resources that emerged from bankruptcy has been selling non-core assets including holdings in Florida and Georgia. Grand Haven’s Jack Nicklaus-designed golf course is also for sale.
Cullis will operate the developer/property side under the name Grand Haven Properties LLC and the real estate sales operation as Grand Haven Realty LLC.
“I am delighted to be back at Grand Haven and look forward to working with the home owners, supporting the builders and helping property owners in need of real estate sales service,” said Cullis. “We are excited about the new company and the opportunity to complete the final chapter of this premier master planned club community.”

Cullis has been associated with the development of Grand Haven since coming to Palm Coast in 1997. He has been intimately involved in every aspect of the design and construction of the community through previous tenures as the development executive with the Lowe Company and LandMar Group.

The purchase from LandMar Group includes all remaining unsold developer home sites, undeveloped land and the sales office at 7 Sandpiper Court. Cullis said the company will manage the builder program including representing builders for sales of new homes on lots within Grand Haven. In addition, the company will offer brokerage service and representation for existing properties in Grand Haven.

Jim Cullis, Grand Haven, GoToby.com, Palm Coast, Real EstateCullis (on the left) is joined by Sterling Colee as the Broker and Manager, formerly Broker and Vice President of Hammock Sotheby’s International Realty.

In addition, all former sales associates with LandMar Realty have been retained under the new brokerage including Diane Thornton, Karen Kull, Frank Sockman and Bob Sneyers. Sherry Duarte has also been retained as Contracts and Office Administrator.

“Grand Haven’s proven sales team has agreed to join us and we are working hard to make the transition seamless for our builders, clients and residents of Grand Haven,” said Cullis. “The market is finally turning and we are confident in the Palm Coast area and in the attraction and value of Grand Haven.”

Grand Haven is a master planned club community located on more than 1,478 acres along the Intracoastal Waterway in Palm Coast. The community features an array of amenities including the Jack Nicklaus Signature golf course, country club, gated entries, a wide variety of housing.

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