82-UNIT BULK CONDO DEAL CLOSES IN NORTH FORT MYERS, FLORIDA

NORTH FORT MYERS, FLA. — Naples, Fla.-based Gulf Coast Special Assets has purchased 82 condominium units in a bulk sale transaction for $4.3 million. The condos are located at Palms at Waters Edge, which is located at 3322 N. Key Dr. in North Fort Myers. Built in 1974, the property was renovated in 2007 for the purpose of conversion to condominiums. John Stone and Jason Stanton of Colliers International Tampa Bay represented the owner, Redus Florida Condos, in the transaction.