Charleston Management Co. buys Tanglewood Marketplace

BUYER: Downtown Mini Storage LLC, Marblehead, Mass.
SELLER: Naples Tanglewood Holdings LLC
PROPERTY: 4910 Tamiami Trail N., Naples
PRICE: $10.5 million
PREVIOUS PRICE: $6.15 million, November 2011
LAW FIRM ON DEED: Coleman Yovanovich & Koester PA, Naples

PLANS, DESCRIPTION:
Charleston Management Co. LLC, a Naples company affiliated with Marblehead, Mass.-based financial holding company S.J. Lockwood & Co. LLC, purchased the 48,735-square-foot Tanglewood Marketplace for $10.5 million.

The price equated to $215 per square foot. That figure is higher than the two-year average price per square foot for retail space ($150) in Southwest Florida, according to the CoStar Group.