Gladstone Land Corporation has acquired 2,668 acres of land with 1,664 farmable acres in Hendry County, Florida, for approximately $15.8 million. The company signed a five-year lease agreement with a leading grower and marketer of fresh vegetables. Under the terms of the deal, the lease can be extended twice by five years. .
“We are privileged to expand into another growing region in the Southeast with a highly regarded vegetable grower as our tenant partner,” said Bill Frisbie, managing director of Gladstone. “We now own 36 farms across the U.S. that produce a variety of high-value fruits and vegetables.”
