Investors' Security Trust Co. moving to Summerlin office building

BUYER: Investors' Security Trust Co. (principals: Samira Beckwith, Craig Hersch, Charles Idelson, Richard Ackert, Elizaberth Kagan, Lynn Kirby, Todd Caruso, James Moore, John Noland, Timothy Stephenson, Linda Teise and Dudley Goodlette), Fort Myers
SELLER: Summerlin Pointe Development Properties
PROPERTY: 5246 Red Cedar Drive, Fort Myers
PRICE: $1.43 million
PREVIOUS PRICE: $418,500, April 1997
LAW FIRM ON DEED: Bolaños Truxton PA, Fort Myers

PLANS, DESCRIPTION:
Fort Myers-based Investors' Security Trust Co. purchased an 11,940-square-foot office building near Summerlin Road for $1.43 million.

The price equated to $119 per square foot. That figure is less than the two-year average price per square foot for office space ($131) in Southwest Florida, according to the CoStar Group.