Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped,” a special commemorative book from The Boston Globe.

market movers

Land sale brings Fla. developer $565m

Selling timberland helps St. Joe focus on development in Northwest Florida, it said.

Associated Press/

Selling timberland helps St. Joe focus on development in Northwest Florida, it said.

Continue reading below

St. Joe Co., a real estate developer and manager, is selling nearly 383,000 acres — most of its land in Florida’s Panhandle — for $565 million to Utah-based AgReserves Inc., a tax-paying affiliate of the Mormon Church. The sale does not include land in St. Joe’s residential, commercial, or resort developments. AgReserves will maintain timber and agricultural uses of the land, which is roughly half the size of Rhode Island. St. Joe will now own about 184,000 acres.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com