FOR IMMEDIATE RELEASE:

Land Solutions, Inc. Brokers $18M Land Transaction in Bonita Springs, FL
Date: Friday, April 29, 2011

Land Solutions, Inc. Brokers $18M Land Transaction in Bonita Springs, FL

The Land Solutions team led by Randy Thibaut, owner and William Rollins, broker, represented BB Road, LLC in the disposition of a total of 1,414 Acres. The buyer of the property is RP Bonita Beach Rd., L.L.C. which is a collaboration of Rockpoint Capital and Naples-based developer, Ronto Group.

690± acres of the property is located at the east end of Bonita Beach Road in Bonita Springs, Florida, which is agricultural land zoned for future residential development and the remaining 724 acres is offsite mitigation land located in rural Lee and Hendry Counties.

Land Solutions is one of SW Florida’s leading real estate brokerage and development firms. Land Solutions offers one stop shopping specializing in all aspects of site development, current market and valuation issues, acquisition and disposition services, due diligence evaluation, permitting status and compliance, work-out projects, asset management and zoning, and permitting for various types of commercial properties.

For more information on this transaction, contact Land Solutions at 239-489-4066