Financing for the deal came from money made on conservation land sales in northwest Florida and other company revenue that is being redeployed into commercial properties along the East Coast. With this deal, St. Joe now owns just over two million sf of space from South Florida to the District. St. Joe, which is based in Jacksonville, FL, has also developed over 3.5 million sf of commercial and industrial space. At present, it has more than one million sf of space under development throughout Florida.
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