KINGSLAND, GA -- (Marketwire) -- 07/06/09 -- Rayonier is preparing to sell approximately 1,091 acres of commercial and development land near Kingsland in an auction on Thursday, July 30, with Woltz and Schrader Auctions managing the sale.

The land -- much of which is located along Kings Bay Road, Colerain Road and Spur 40 in Kingsland and St. Marys -- will be sold in 36 tracts, ranging from approximately three acres to more than 112 acres.

"By having relatively small tracts, we're able to offer a broader range of buyers an opportunity to purchase some of this land, much of which has been owned and managed by Rayonier since 1938. All of the land is only a half hour north of the Jacksonville, Fla., Airport and minutes from the famous Amelia Island. It includes tracts near Kings Bay Naval Submarine Support Base, and directly across from the Sugarmill Plantation development," said Jim Woltz, president of Woltz & Associates, Inc., which is managing the auction in a joint project with Schrader Real Estate and Auction Company.

Public water and sewer service are available at or near all of the tracts, according to Rayonier spokesperson Kathy Terwilliger. Most of the property being offered is zoned for commercial or medium-high residential use.

"With its proximity to the metro Jacksonville, and the Kings Bay Naval Base, we expect to see considerable interest from investors, developers and businesses who are seeking land for commercial or residential use immediately," said Terwilliger.

The sale will be conducted at the Western Motel & Manor, 1215 East King Ave., Kingsland, Georgia, just off of exit 3 on I-95. Auction personnel will be available there to answer questions on July 8, July 22, and July 29. There will be substantial information for prospective bidders to review such as plats, aerial photos, available utilities, surveys, title commitments and other due diligence material. Individuals interested in additional information about the auction may call 800-551-3588 or visit Woltz's web site at www.woltz.com.

Woltz and Schrader is one of the nation's leading real estate auction companies specializing in the sale of commercial, agricultural, recreational, development and other types of land throughout the United States. They also successfully auctioned approximately 3,304 acres north of Crestview, Florida, for Rayonier in the spring of 2008.

Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.6 million acres of timber and land in the United States and New Zealand. The company's holdings include approximately 200,000 acres with residential and commercial development potential along the fast-growing Interstate 95 corridor between Savannah, Georgia, and Daytona Beach, Florida. Its Performance Fibers business is one of the world's leading producers of high-value specialty cellulose fibers. Approximately 40 percent of the company's sales are outside the U.S. to customers in nearly 40 countries. Rayonier is structured as a real estate investment trust. More information is available at www.rayonier.com.

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