The largest forest in the Eastern U.S will be sold by Foley Timber and Land Company.

Largest Forest in Eastern U.S To Be Sold by Foley TimberAcquired in 1994 from Procter & Gamble, the approximately 561,000 acres in five contiguous North Central Florida counties (Taylor, Lafayette, Dixie, Madison and Jefferson), timber from the land is now harvested by Georgia Pacific which operates a pulp mill there. G-P buys trees from Foley to supply the mill.

The forested land is packed with cedar, oak, and other hardwood species.The property of 876 square miles is roughly centered between Tallahassee and Gainesville within Florida’s Nature Coast region.

Over the past 20 years, Foley says it has harvested nearly 23 million tons of wood.

Largest Forest in Eastern U.S To Be Sold by Foley Timber"Even with this immense volume of harvested timber, Foley’s forests are just as lush and full today as they were twenty years ago," the company says. Foley has maintained a strong reforestation program, planting more than 224 million trees over the last 20 years on roughly 280,000 acres. Its silviculture management practices have led to the land producing continuously more volume-per-acre than ever before.

Expected to sell in the range of $1 billion, the land is expected to be maintained as a forest, according to a New York Times report, with parcels developed into residential real estate. Largest Forest in Eastern U.S To Be Sold by Foley Timber

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