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Sarasota Herald Tribune Inside Real Estate – January 2013 – 

 

NORTH PORT – Weedon North Port, LLC, a Tampa company managed by James M. Chadwick, purchased 16 acres consisting of four commercial retail corners at the intersection of Price Boulevard and Cranberry Boulevards in North Port from the seller –  Florida Community Bank, N.A. The four parcels that sold for $1,200,000 are approximately 4 +/- acres each.  The land at 2900 W Price Blvd. previously belonged to prominent North Port developer Dennis Fullenkamp, who had owned it since 1995.  Fullenkamp borrowed $1.5 million from the now defunct Peninsula Bank in June 2003 and defaulted on the loan in August 2010.  Mike Migone, CCIM and Clint Conway both with the SVN Commercial Advisory Group, represented the Seller.