Norstar-led investment group building apartment development

By Business Observer Staff
| 8:13 a.m. January 31, 2014
| 0 Free Articles Remaining!

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BUYER: Colonial Commons LLC, Concord Ontario, Canada
SELLER: TerraCap CW Partners LP
PROPERTY: a portion of the corner of Colonial Boulevard and Winkler Avenue, Fort Myers
PRICE: $2.3 million
PREVIOUS PRICE: $12.54 million, June 2005
LAW FIRM ON DEED: Pavese Law Firm, Fort Myers

PLANS, DESCRIPTION: An investment group, primarily owned by Norstar Development USA LLC, purchased 25.73 acres west of Winkler Avenue south of Colonial Boulevard for $2.3 million.

The price equated to $89,390 per acre.