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BUYER: 3700 MER LLC (Lucia Foiani), Naples
SELLER: Hillcrest Properties II I
PROPERTY: 750 11th St. S., Naples
PRICE: $1.78 million
LAW FIRM ON DEED: Lightsey & Associates PA, Winter Park
PLANS, DESCRIPTION: A limited liability company led by Lucia Foiani of Naples purchased the 15,000-square-foot Crayton Place for $1.78 million.
The price equated to $118 per square feet.
The previously bank-owned condominium development featured three luxury residential units ranging from 2,955 to 3,643 square feet and three built-out office suites ranging from 1,326 to 2,722 square feet.
The Crayton Place acquisition follows the investment group's purchase of the C&C Auto & Tire Center building at 3700 Mercantile Ave., Naples in January for $432,400.
The Business Review was unable to contact Foiani for comment prior to deadline.
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