Musca Properties LLC buys Renaissance Center

BUYER: Musca Properties LLC (principal: Joe Musca), Independence, Ohio
SELLER: Renaissance Center of Bonita Springs LLC
PROPERTY: 3440 Renaissance Blvd., Bonita Springs
PRICE: $2.83 million
PREVIOUS PRICE: $3.15 million, January 2003
TITLE FIRM ON DEED: Stewart Title Co., Naples

PLANS, DESCRIPTION: Independence, Ohio-based real estate investment firm Musca Properties LLC purchased the 19,001-square-foot Renaissance Center for $2.83 million.

The price equated to $149 per square foot. That figure is higher than the two-year average price per square foot for retail space ($140) in Southwest Florida, according to the CoStar Group.