Crayton Place goes for $1.78 million

BUYER: 3700 MER LLC (Lucia Foiani), Naples

SELLER: Hillcrest Properties II I

PROPERTY: 750 11th St. S., Naples

PRICE: $1.78 million

LAW FIRM ON DEED: Lightsey & Associates PA, Winter Park

PLANS, DESCRIPTION: A limited liability company led by Lucia Foiani of Naples purchased the 15,000-square-foot Crayton Place for $1.78 million.

The price equated to $118 per square feet.

The previously bank-owned condominium development featured three luxury residential units ranging from 2,955 to 3,643 square feet and three built-out office suites ranging from 1,326 to 2,722 square feet.

The Crayton Place acquisition follows the investment group's purchase of the C&C Auto & Tire Center building at 3700 Mercantile Ave., Naples in January for $432,400.

The Business Review was unable to contact Foiani for comment prior to deadline.