Raymond James takes major step forward on Pasco site By: Ashley Kritzer

by Florida Properties Group on 9/15/2016

Raymond James Pasco site

Raymond James Financial Inc. has closed on 65 acres in Wiregrass Ranch.

J.D. Porter, an owner and operator at Wiregrass Ranch Inc., said the deal closed Thursday — two days after Pasco County commissioners approved an amendment to its economic development incentive agreement with the financial giant.

Porter declined to disclose a purchase price for the land, which is on state route 56 east of the Shoppes at Wiregrass retail development. Per the amended economic development agreement, Raymond James (NYSE: RJF) had until the end of the year to close on the land.

A Raymond James spokesman did not immediately return a request for comment Thursday. St. Petersburg-based Raymond James signed an agreement to buy the land in 2011. Pasco County at the time offered an economic development incentive package in exchange for creating up to 750 jobs. The original plans called for the construction of a 100,000-square-foot facility…......Read More