City entity buys foreclosed townhome community

  • By Business Observer Staff
  • | 6:40 p.m. August 24, 2009
  • Charlotte–Lee–Collier
  • Share

BUYER: Southwest Florida Affordable Housing Choice Foundation Inc. (principals: Lemuel Teal, Bill Barnwell, Joseph D'Alessandro, Peter Routsis-Arroyo and Doug Hogg), Fort Myers
SELLER: Bank of Florida Southwest
PROPERTY: a portion of Covington Meadows Circle west of Beth Stacey Boulevard, Lehigh Acres
PRICE: $560,000
PREVIOUS PRICE: $1.5 million, July 2005
LAW FIRM ON DEED: Henderson Franklin Starnes & Holt PA, Fort Myers

 

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