GLP Development buys call center building

BUYER: GLP Gateway LLC (manager: Erwin Greenberg), Baltimore
SELLER: Lexington Fort Myers LP
PROPERTY: 12600 Gateway Blvd., Fort Myers
PRICE: $12.4 million
PREVIOUS PRICE: $12.52 million, April 2005
LAW FIRM ON DEED: Meltzer Lippe Goldstein & Breitstone LLP, Mineola, N.Y.

PLANS, DESCRIPTION:
Baltimore-based real estate investment company GLP Development purchased a 63,275-square-foot office building in the Gateway area for $12.4 million.

The price equated to $196 per square foot. That figure is higher than the two-year average price per square foot for office space ($112) in Southwest Florida, according to the CoStar Group.