New Jersey's Jones Walker Holdings buys Jones Walker Palm Gardens

BUYER: Jones Walker Holdings LLC (manager: Aziel Mandel), Teaneck, N.J.
SELLER: Jones Walker Investors LLC
PROPERTY: 2909 Blount St., Fort Myers
PRICE: $2.4 million
PREVIOUS PRICE: $1.83 million, October 2010
LAW FIRM ON DEED: GHC Housing Partners LLC, Sherman Oaks, Calif.

PLANS, DESCRIPTION:
A Teaneck, N.J. company led by Aziel Mandel purchased the 80-unit Jones Walker Palm Gardens apartment complex for $2.4 million.

The price equated to $30,000 per square foot. That figure is lower than the average price per unit for multifamily space ($70,191) in Southwest Florida, according to the CoStar Group.