Steelbridge Capital buys Naples' SunTrust Bank Building

BUYER: Steelbridge 801 LLC, Miami
SELLER: Gulf Shore Associates Limited Partnership
PROPERTY: 801 Laurel Oak Drive, Naples
PRICE: $12.6 million
PREVIOUS PRICE: $8.58 million, October 1984
LAW FIRM ON DEED: Latham & Watkins LLP, Chicago

PLANS, DESCRIPTION:
Chicago-based Steelbridge Capital LLC purchased the 68,487-square-foot SunTrust Bank Building on U.S. 41 for $12.6 million.

The price equated to $184 per square foot. That figure is higher than the two-year average price per square foot for office space ($131) in Southwest Florida according to the CoStar Group.