St. Louis area's ElmTree Funds buys Comcast call center building

BUYER: ET Fort Myers LLC (manager: James Koman), Clayton, Mo.
SELLER: Eastlinks Associates LLC
PROPERTY: 12641 Corporate Lakes Drive, Fort Myers
PRICE: $12.4 million
PREVIOUS PRICE: $5.74 million, June 2008
LAW FIRM ON DEED: Henderson Franklin Starnes & Holt PA, Fort Myers

PLANS, DESCRIPTION:
An affiliate of ElmTree Funds of Clayton, Mo., purchased a 57,260-square-foot flex building in Eastlinks Business Park for $12.4 million.

The price equated to $217 per square foot. That figure is higher than the two-year average price per square foot for industrial space ($90) in Southwest Florida, according to the CoStar Group.