The St. Joe Company to Join Forces With Saint Johns, Home of the World Golf Village; Rummell Says Focus Will Be on Office and Distribution Components.

Business Wire | May 15, 1998 | Copyright

JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 15, 1998--The St. Joe Company (NYSE: SJP) and Davidson Development, Inc. announced today that the two companies will be joining forces to help develop Saint Johns and the World Golf Village. St. Joe has agreed in principle to acquire 400 acres of the core commercial portion of Saint Johns from SJH Partnership Ltd., an affiliation of Dunavant Enterprises, Inc. St. Joe will also be acquiring certain commercial development rights for office and warehouse development within Saint Johns, home of the World Golf Village in St. Johns ...

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