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Consolidated Tomoka buys N.C. office complex

DAYTONA BEACH — Consolidated-Tomoka Land Co. is best known by locals for the 10,500 acres it owns in Daytona Beach, much of it around the Interstate 95/LPGA Boulevard interchange.

But the Daytona Beach-based real estate development and investment company has been steadily diversifying its holdings in recent years.

John Albright, Consolidated-Tomoka’s president and CEO, estimates 70 percent of the company’s real estate holdings were in Florida when he took over as its top executive in August 2011. Today, it’s around 60 percent, he said.

 

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