Marina at Edison Ford

THE DEAL: Royal Palm Marina purchase and conversion into Marina at Edison Ford

BUYER: Royal Palm Marina LLC (principal: Peter G. Pohlmann), Naples
SELLER: Royal Palm Yacht Club Inc.
PROPERTY: 2301, 2360 and 2370 W. First St., Fort Myers
PRICE: $4.5 million
PREVIOUS PRICE: $400,000, June 1987; $40,900, April 1971 and $700, July 1975
LAW FIRM ON DEED: Goldstein Buckley Cechman Rice & Purtz PA, Fort Myers

What: Grant Phelan, co-owner of Pinchers Crab Shack; investor Grant Pohlmann; and an undisclosed third partner purchased the 1960s-era former Royal Palm Yacht Club to convert it into the Marina at Edison Ford. The 29,290-square-foot, two-story building is being renovated to house a Pinchers seafood restaurant on the top level and a private dining and catering area on the ground floor. As the new name suggests, the new venture will also feature an affiliation and covered access with the nearby Edison & Ford Winter Estates to provide food and beverage for events and other large groups.