Investor group buys bank building as 1031 tax-deferred exchange

  • By Business Observer Staff
  • | 10:00 a.m. July 4, 2014
  • Charlotte–Lee–Collier
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BUYER: Cross Hayes LaRoche Inc. (principals: Timothy Cross, Ronald LaRoche and James Hayes), Coral Springs
SELLER: GFP Naples Property LLC
PROPERTY: 4898 Davis Blvd., Naples
PRICE: $2.58 million
PREVIOUS PRICE: $1.64 million, December 2008
LAW FIRM ON DEED: Satterlee Stephens Burke & Burke LLP, New York City

 

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