Fla. Developer St. Joe Co. Inks $44M Deal To Sell RiverTown

Law360, Miami (January 7, 2014, 5:24 PM EST) -- St. Joe Co. has entered into an agreement with Mattamy Homes to sell its RiverTown community near Jacksonville, Fla.,  for $43.6 million, according to a Monday filing with the U.S. Securities and Exchange Commission.

The companies came together Dec. 31 on the sale agreement, which covers 4,057 of the master-planned community's 4,170 acres in the northwestern part of St. Johns County. An inspection period ends Feb. 28, with the closing set for no later than March 30, according to the filing.

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