Pulte Home buys first phase of 130-acre Tidewater by Dell Webb

BUYER: Pulte Home Corp., Bonita Springs
SELLER: University Highland Limited Partnership
PROPERTY: a portion of Ben Hill Griffin Parkway north of Corkscrew Road, Estero
PRICE: $10.2 million
PREVIOUS PRICE: $6.5 million, February 1999 (contains additional land)
LAW FIRM ON DEED: Coleman Yovanovich & Koester PA, Naples

PLANS, DESCRIPTION:
Pulte Home Corp. purchased 73.04 acres located adjacent to Germain Arena and bounded by Estero Parkway, Interstate 75 and Miromar Outlets for $10.2 million.

The price equated to $139,650 per acre.