Pinnacle Development Group, partner invest in Veronica Shoemaker land

BUYER: 3950 Veronica Shoemaker LLC, New York City
SELLER: Intercredit Bank NA
PROPERTY: 3950 Veronica Shoemaker Blvd., Fort Myers
PRICE: $1.05 million
PREVIOUS PRICE: $5 million, April 2006
LAW FIRM ON DEED: Lee C. Schmachtenberg PA, Coral Gables

PLANS, DESCRIPTION:
Weston-based Pinnacle Development Group LLC and a New York City privately held equity partner purchased 19.55 acres of vacant land for $1.05 million.

The price equated to $53,708 per acre.