Investor group buys land lease for South Trail Shopping Center

BUYER: FH Southtrail LLC (principal: Eric Howell), Bradenton
SELLER: CRF-Southtrails LLC
LEASED PROPERTY: 3269 Cleveland Ave., Fort Myers
PRICE: $2.7 million
LAW FIRM ON DEED: Clark Campbell & Lancaster PA, Lakeland

PLANS, DESCRIPTION: An investor group managed by Eric Howell, president of Sarasota's Lancaster Realty Inc., purchased the 99-year ground lease and the 83,690-square-foot South Trail Shopping Center building for $2.7 million.

The 8.3-acre ground lease, which has a little more than 50 years remaining on it, is held by landlord Vercil and Helen Senseman LLP.