#PrivateEquity Group purchases more than 5,000 acres of land in Lee County, Fla. owned by Alico-Agri, Ltd. @YahooFinance @PrNewsroom @resilient_ent

FORT MYERS, Fla., July 25, 2012 /PRNewswire/ -- Private Equity Group announced today 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. (NASDAQ-ALCO) 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.  

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