Martin Marietta Acquires 1986.2 Acres Of Land In Lee County For $620 Million From Youngquist Brothers

The transaction involved land consisting of 1,986.2 acres located on Alico Road in Lee County. Martin Marietta purchased this property for $620 million, making it a significant sale in the history of the county. The land was divided into 23 parcels and was acquired from an LLC associated with Youngquist Brothers.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $620,000,000
• Buyer: Martin Marietta
• Seller: Youngquist Brothers
• Broker: Paige Rausch - Aslan Realty Advisor
• Date of Sale: 10/25/2024
• Market: Lee County

This acquisition stands out as nearly 2,000 acres have been acquired by Martin Marietta, which already operates a quarry on Alico Road. The purchase solidifies the company's presence and operational capabilities in the region, involving a large-scale transaction with significant implications for future developments.