Ponte Vedra Beach's Ferber Co. developing Pine Ridge Road Walgreens

BUYER: 2014 Naples Associates LLC (managers: Paul Ferber Sr. and Jr.), Ponte Vedra Beach
SELLER: Greater Naples Young Mens Christian Assoc. Inc.
PROPERTY: 2511 Pine Ridge Road, Naples
PRICE: $2.5 million
PREVIOUS PRICE: $2.25 million, July 2007
LAW FIRM ON DEED: Law Offices of C. Guy Bond PA, Jacksonville

PLANS, DESCRIPTION:
The Ferber Co. purchased a 1.93-acre parcel at the corner of Pine Ridge and Airport Pulling roads for $2.5 million.

The price equated to $1.3 million per acre.