Nashville investor group buys Pine Island land across from VA

BUYER: Cape Pine LLC (principal: Raymond Hurd), Nashville
SELLER: OB Florida CRE Holdings LLC
PROPERTY: 2600 N.E. Pine Island Road, North Fort Myers
PRICE: $721,252
PREVIOUS PRICE: $10 million, March 2006

BUYER: Running Tree LLC (principal: Raymond Hurd), Nashville
SELLER: OB Florida CRE Holdings LLC
PROPERTY: 2570 N.E. Pine Island Road, North Fort Myers
PRICE: $128,748
PREVIOUS PRICE: $400,000, September 2005
LAW FIRM ON DEED: Adams and Reese LLP, Sarasota

PLANS, DESCRIPTION: An investor group in Nashville purchased 39.61 acres of land on Pine Island Road east of Hancock Creek South Boulevard for a total of $850,000.