Cleveland's CRM Cos. Inc. buys Bernwood buildings, land

BUYER: Bernwood LLC (CRM Development II LLC), Cleveland
SELLER: Paul Ritter as personal representative of the Estate of James A Bernet
PROPERTY: 9230, 9231, 9240 and 9241 Brookwood Court, 24810-24890 Burnt Pine Drive, 24850 Old 41 Road, 12800 Trade Way Drive, 9200 Cockleshell Court and 12611 Bonita Beach Road S.E., Bonita Springs
PRICE: $14.89 million

SELLER: Bernwood Enterprises Inc.
PROPERTY: 24840-24880, 24821 and 24851 S. Tamiami and 9220 Brookwood Court, Bonita Springs
PRICE: $5.11 million
PREVIOUS PRICE: $705,800, January 1996; $471,100, September 1995
LAW FIRM ON DEED: Pavese Law Firm, Fort Myers

PLANS, DESCRIPTION:
Cleveland's CRM Cos. Inc. purchased the Bernwood portfolio covering nine commercial buildings and 72 acres of vacant land near Old 41 Road for $20 million.