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What will happen to the 20,000 acres in Brunswick County since International Paper took back the land?

Judy Royal

Wilmington-based real estate private equity and development firm Amici Group bought 36 tracts of land between U.S. 74 and 76 and north of U.S. 17 along both sides of N.C. 87 from International Paper in late 2007 and early 2008.

About 20,200 acres went back to IP, which had done some seller financing on these tracts, in November 2009, said Kim Gill, communications manager for IP’s Riegelwood Mill. IP has the land up for sale again, although there is no advertised price.

Interested parties can contact iplandsales@ipaper.com

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