West Gate Corporate Center sold to investor group

BUYER: BBR Florida Investments LLC (principals: Richard Applegate), Boca Raton
SELLER: CPS Holdings LLC
PROPERTY: 5624 Eighth St. W., Lehigh Acres
PRICE: $1.1 million
PREVIOUS PRICE: $3.5 million, July 2005
LAW FIRM ON DEED: Safe Harbor Title Co., Fort Myers

PLANS, DESCRIPTION: A collection of private investors, managed by Richard Applegate of Boca Raton, purchased the 12,584-square-foot West Gate Corporate Center for $1.1 million.

The price equated to $87 per square foot.