Newland buys Lutz land connecting Bexley Ranch to State Road 54

BUYER: NNP-Bexley LLC (Nash-Newland Group II LLC), Tampa
SELLER: Charles Bruck, individually and as trustee of the Ashley Glen Land Trust
PROPERTY: a portion of land east of State Road 54 and south of Suncoast Parkway, Lutz
PRICE: $6 million
PREVIOUS PRICE: $1.78 million, April 2011
LAW FIRM ON DEED: Foley & Lardner LLP, Tampa

PLANS, DESCRIPTION: An affiliate of San Diego-based Newland Communities LLC purchased 260 acres in Pasco County for $6 million.

The price equated to $23,077 per acre.