Company invests more than $16 million in land purchase

Deal comes two months after Alico sold land to Florida.

By Business Observer Staff
| 7:43 p.m. November 9, 2020
| 0 Free Articles Remaining!

Charlotte–Lee–Collier

FORT MYERS — For the second time in the past two months, Alico, one of the largest citrus producers in the country, has closed on a major land deal.

The latest deal: The Fort Myers-based firm bought 3,280 citrus acres in Hendry County for $16.45 million. The purchase follows another sale in September, in which the company sold 10,702 acres to the state of Florida, under the Florida Forever program, for $28.5 million.