London Bay Homes buys third floor of office building

BUYER: LB 2210 Vanderbilt LLC (principals: Stephen and Mark Wilson), Naples
SELLER: 2210 Floor 3 LLC
PROPERTY: 2210 Vanderbilt Beach Road, units 301-307, Naples
PRICE: $2.08 million
PREVIOUS PRICE: $2.95 million, July 2005
LAW FIRM ON DEED: Conroy Conroy Durant & Rudnick PA, Naples

PLANS, DESCRIPTION: An affiliate of London Bay Homes purchased the 11,911-square-foot third floor of an office building for $2.08 million.

The price equated to $174 per square foot. That figure is higher than the two-year average price per square foot for office space ($120) in Southwest Florida, according to the CoStar Group.