Private Equity Group Purchases More than 5,000 Acres of Land in Lee County, FL Owned by Alico-Agri Ltd

Private Equity Group announced Wednesday that the company is purchasing an assemblage of undeveloped parcels totaling 5,187 acres in Lee County from Alico-Agri, Ltd., a subsidiary of Alico, Inc.

a Florida-headquartered agribusiness. The properties are generally bounded on the west by Florida Gulf Coast University and Miromar Outlets; to the north by Alico Road and the Southwest Florida International Airport; and to the east by scattered single-family residences. The closing is set for later this year.