Miami attorney-led group buys former Circuit City retail center

By Business Observer Staff
| 10:00 a.m. March 27, 2015
| 0 Free Articles Remaining!

Commercial Real Estate

BUYER: Destiny Buildings LLC (manager: Leslie Florez), Miami
SELLER: Jaffe of Weston II Inc.
PROPERTY: 4300 and 4380 Cleveland Ave., Fort Myers
PRICE: $2.53 million
PREVIOUS PRICE: $8.34 million, November 2005

PLANS, DESCRIPTION:
A company led by Miami attorney Leslie Florez purchased a 50,650-square-foot retail strip center for $2.53 million.

The price equated to $50 per square foot. That figure is less than the two-year average price per square foot for retail space ($150) in Southwest Florida, according to the CoStar Group.