Hodges University buys Stock Development HQ building for $13 million

BUYER: Hodges University Inc. (principals: John Agnelli, Jeanette Brock, Erica Tillery, Dr. Joseph Pepe, Keith Arnold and Michael Prioletti) Naples
SELLER: Northbrooke Professional Village LLC
PROPERTY: 2647 Professional Circle, Naples
PRICE: $13 million
LAW FIRM ON DEED: Woodard Pires & Lombardo PA, Naples

PLANS, DESCRIPTION: Hodges University Inc. purchased a 49,100-square-foot office building for $13 million.

The price equated to $265 per square foot. That figure is higher than the two-year average price per square foot for retail space ($120) in Southwest Florida, according to the CoStar Group.