Colonial Square Harley-Davidson building sold for $4.18 million

BUYER: JRE-CB03 LLC (principals: James Bunnell and Daniel Dosoretz), Fort Myers
SELLER: Colonial Fort Meyers LLC
PROPERTY: 2160 Colonial Blvd., Fort Myers
PRICE: $4.18 million
PREVIOUS PRICE: $4.6 million, July 2006
LAW FIRM ON DEED: Robert A. Brandt PA, North Miami

PLANS, DESCRIPTION: An investment group led by Jay Bunnell purchased the 46,190-square-foot Harley-Davidson store in Colonial Square for $4.18 million.

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