Crane Island sells for 9.9 Million

Submitted by Susan Hardee Steger

Crane Island is shown to the left on this aerial of the City of Fernandina Beach Airport. This photo was used in 2008 by the Florida Department of Transportation for a tree survey (red dots).

According to an article published in the Jacksonville Business Journal

"transportation and business magnate who owns aviation, shipping and automobile operations around the globe has purchased Crane Island, near Amelia Island, for $9.9 million."

The new owner is  Saad Wallan  a familiar name in the Fernandina aviation community.  Wallan is president of the Soverign Corporation.  In 2009, Soverign constructed two corporate airplane hangers at the City of Fernandina Beach airport.

February 25, 2014 10:25 p.m.