Pinnacle Development Group, N.Y. partner buy Savanna Lakes land

BUYER: GA-Pinnacle Savanna Lakes LLC (Gerald Alexander Property Holdings LLC), New York City
SELLER: V Ventures LLC
PROPERTY: a portion of Milwaukee Boulevard, east of Homestead Road South, Lehigh Acres
PRICE: $1.53 million
LAW FIRM ON DEED: Goodman Breen & Gibbs, Naples

PLANS, DESCRIPTION:
Weston-based Pinnacle Development Group LLC and a New York City private equity partner purchased 375 acres for $1.53 million.

The price equated to $4,080 per acre.