AJS Realty and Harbour Insurance owner, partner buy Coconut Point shops

BUYER: The Shoppes at Coconut Point LLC (principals: Andrew and Christina Saluan), Naples
SELLER: Fifth Third Bank
PROPERTY: 8350 Hospital Drive, Bonita Springs
PRICE: $2.25 million
PREVIOUS PRICE: $2.5 million, March 2011
LAW FIRM ON DEED: Zimmerman Kiser & Sutcliffe, PA, Orlando

PLANS, DESCRIPTION:
Naples-based AJS Realty Group Inc.; William Kastroll, principal of Harbour Insurance in Naples, and Joseph O'Malley of Naples purchased the 25,000-square-foot The Shoppes at Coconut Point in Bonita Springs for $2.25 million.

The price equated to $90 per square foot. That figure is less than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.