First Family Insurance moving to University Pointe building

BUYER: 7800 University Pointe Drive LLC (principal: Jason Marra), Lehigh Acres
SELLER: Johnson Land Investments Limited Partnership
PROPERTY: 7800 University Pointe Drive, Fort Myers
PRICE: $1.99 million
PREVIOUS PRICE: $4.4 million, August 2004
TITLE FIRM ON DEED: Old Florida Title

PLANS, DESCRIPTION:
A company led by Jason Marra of First Family Insurance Inc. purchased a 21,630-square-foot office building for $1.99 million.

The price equated to $92 per square foot. That figure is less than the two-year average price per square foot for office space ($120) in Southwest Florida, according to the CoStar Group.