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Alico Inc. sells 1.25 acres to SunTrust Bank.


LA BELLE La Belle may be a place in the US:
  • La Belle, Florida
  • La Belle, Missouri
  • La Belle Township, South Dakota
La Belle may also be:
  • LaBelle, a musical band
  • La Belle (discotheque)
  • La Belle (ship)
  • Patti LaBelle, a singer
, Fla.--(BUSINESS WIRE)--Aug. 20, 1996--Ben Hill Griffin III, president and chairman of the board of Alico Inc. (ALCO), announced Tuesday that Alico has sold 1.25 acres in the vicinity of Florida Gulf Coast University About FGCU
History
The newest university in the State University System of Florida, the school was established by then-governor Lawton Chiles in 1991, although the site of the university wasn't chosen until 1992, and construction pushed back even further still (until
, to SunTrust Bank, for $350,000.

The sales contract Sales Contract

Contract between a seller and buyer for the sale of goods, services, or both.
 for the property was announced in July. The site will be used for a branch office of the bank and is located on Treeline Avenue, south of Alico Road.

Kevin C. Hale, president and chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of SunTrust Bank, Southwest Florida, stated, "We are excited about the tremendous growth potential in this area and we want to be the first bank to show its support for the University."

CONTACT: Florida Real Estate Consultants Inc., Naples, Fla.

Dick Klaas, President, 941/434-0002
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 20, 1996
Words:129
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