Youngquist Brothers rock mine sells for SWFL record $620M

Author: David Dorsey, Gulfshore Business
Published: Updated:

A $620 million land deal believed to be the most lucrative in Southwest Florida history became official Oct. 28, as about 2,000 acres, including an active rock mine, changed ownership.

Alico Road LLC sold a combined 23 properties, according to public records, to Martin Marietta North Texas Cement Inc., with the deal closing on Oct. 23.

The land is located on the east and west side of Alico Road in southeast Lee County, from Corkscrew Road on north to where Alico Road begins bending toward the west.

No brokers were involved in the deal, said Brett Youngquist, 41, and the son of Harvey Youngquist, who has owned and developed the land over the past quarter century. Harvey Youngquist, owner of Youngquist Brothers, declined to comment, deferring to his youngest son.

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