Neal Communities buys Venice land for future development

BUYER: Neal Communities of Southwest Florida LLC (principals: NCDG Management LLC, Michael Storey, James Schier, Priscilla Heim and Michael Greenberg), Sarasota
SELLER: Laurel Lakes Venice LLC
PROPERTY: a portion of land between Laurel Road and Border Road, Venice
PRICE: $1.6 million
PREVIOUS PRICE: $4.3 million, July 2002
LAW FIRM ON DEED: Vogler Ashton, Bradenton

PLANS, DESCRIPTION:
Neal Communities purchased 120 acres of vacant land south of Laurel Road for $1.6 million.

The price equated to $13,333 per acre.