H&R REIT company buys Brooks Village from Sembler

BUYER: PX Brooks Village LP, Downsview, Ontario, Canada
SELLER: Sembler Family Partnership #41 Ltd.
PROPERTY: 12975 Collier Blvd., Naples
PRICE: $13.8 million
LAW FIRM ON DEED: Blaivas & Associates PC, New York City

PLANS, DESCRIPTION: An affiliate of Toronto-based real estate investment trust H&R REIT purchased the 65,960-square-foot Brooks Village for $13.8 million.

The price equated to $209 per square foot. That figure is higher than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.