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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 1, 1995
MAJOR REALTY CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
0-1748 590898509
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(Commission File Number) (IRS Employer Identification No.)
5728 Major Boulevard, Suite 306, Orlando, Florida 32819
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (407) 351-1111
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ITEM 5. OTHER EVENTS
On September 1, 1995, Major Realty Corporation sold 10.36 acres of
commercial land located at the northeast intersection of Interstate 4 and
Kirkman Road in Orlando to Cracker Barrel Old Country Store for $6,280,000.
The sales transaction consisted of $3,640,000 cash at closing, plus a
$3,580,000 mortgage which will be due in two equal payments, one in April 1996
and the other in April 1997. Approximately $2,000,000 of the net proceeds were
used to repay company debt and the remainder will be used for company
operations.
On September 8, 1995, the Company sold 1.38 acres of commercial land
located at the northwest corner of the intersection of Conroy Road and Vineland
Road in Orlando to Aseel, Inc. for $750,000. The sales price was paid in cash
at closing. Approximately $500,000 of the net proceeds were used to repay
company debt and the remainder will be used for company operations.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Major Realty Corporation has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
MAJOR REALTY CORPORATION
By: /s/ David L. Treadwell
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David L. Treadwell
Chairman and CEO
September 8, 1995
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Date
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