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Atlantic Gulf Communities closes sale with Huizenga Holdings Inc.


PORT ST. LUCIE St. Lucie may refer to:
  • St. Lucie, Florida
  • St. Lucie County, Florida
  • St. Lucie nuclear power plant
See also
  • Saint Lucy
  • Saint Lucia (disambiguation)
, Fla.--(BUSINESS WIRE)--June 6, 1995--Atlantic Gulf Communities Corp. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: AGLF AGLF Association for Governmental Leasing and Finance
AGLF Asian Government Leaders Forum
) closed on the sale of property to Stuart Property Holdings Ltd., a subsidiary of Huizenga Holdings Inc. of Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911.  on May 31, 1995.

The 149 acre parcel, located in St. Lucie County just north of Stuart, Fla. sold for $1,210,000 or just over $8000 per acre. The property, currently zoned RGC RGC Royal Government of Cambodia
RGC Retinal Ganglion Cell
RGC Responsible Gambling Council
RGC Rio Grande City (Texas)
RGC Routing Group Connector (Microsoft) 
 for residential golf course use, is adjacent to Huizenga's Harbor Links Yacht and Country Club and will be used to expand the facility.

The parcel sold is part of Atlantic Gulf's River Trace development which encompasses an additional 2100 acres of residential, commercial, office and institutional property in southern St. Lucie County.

Atlantic Gulf Communities Corp., with assets of more than $365 million, is one of Florida's largest real estate developers, owning approximately 60,000 acres in Florida and an additional 5,500 acres in the Cumberland Plateau area of Tennessee. Headquartered in Miami, the company is a proven leader in professional development services, and is known for its leadership role in environmental quality.

CONTACT: Atlantic Gulf Communities Corp., Miami

Harry Rose, Corporate Communications

305/859-4376; fax: 305/859-4029
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 6, 1995
Words:197
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