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Pensacola acreage sells for big bucks

68 Ventures, in partnership with several local investors, paid $8.250 million for 174 acres on Nine Mile Road in Pensacola, Fla., across from the Navy Federal Credit Union complex, according to Nathan Cox, CEO of 68 Ventures, a real estate development company. Future plans for the property include single-family, multifamily and commercial development. Bellator Real Estate & Development represented the buyers and Heath Milligan of The Macallan Group in Atlanta worked for the seller.

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