CBRE BROKERS TWO SALES IN FORT MYERS, NAPLES AREA

NAPLES AND FORT MYERS, FLA. — CB Richard Ellis, Fort Myers/Naples has brokered the sales of two multifamily properties in Naples and Fort Myers. In the first transaction, a private equity investment group acquired Turtle Creek, a 245,600-square-foot multifamily complex located at 1130 Old Turtle Creek Blvd. in Naples. FHFC II sold the 12-building, 268-unit complex for an undisclosed price. Jonathan Richards of CBRE, Fort Myers/Naples brokered the transaction. In the second transaction, Next Level Church purchased a 20,000-square-foot building, which is situated on 10.91 acres at 12400 Planation Road in Fort Myers. Love and Grace Family Church sold the property for $1.587 million. Stan Stouder and Mark Alexander represented the seller in the transaction.