Investors buy industrial land on Englewood's River Road

BUYER: Daniel Light (10% interest), Leah Light (10%), Shannon Pirron (10%), Joan and Gunther Reese as co-trustees of the Joan M. Reese Revocable Trust (40%) and River Road South LLC (manager: Randy Thibaut) (20% interest), North Barrington, Ill.
SELLER: Sarasota Industries LLC
PROPERTY: 1151 S. River Road, Englewood
PRICE: $1 million
PREVIOUS PRICE: $4.76 million, September 2005
LAW FIRM ON DEED: Bolaños Truxton PA, Fort Myers

PLANS, DESCRIPTION:
Investors Daniel and Leah Light, Shannon Pirron, an investment managed by Randy Thibaut and the Joan M. Reese Revocable Trust purchased 93.2 acres of industrial land for $1 million.

The price equated to $10,730 per acre.