Investment Properties Corporation brokers sale for Artesia Development

NAPLES, Fla. (Jan. 24, 2006) – WCI Communities recently purchased Artesia, a residential development in Naples from David N. Sexton, Trustee.  David J. Stevens, CCIM, a principal with Naples-based Investment Properties Corporation (IPC), served as the transactional broker.

The 263-acre residential development is located on the intersection of Barefoot Williams Road and Tower Road. Construction of the 725-unit development is expected to begin July 2006.

In addition to Stevens, IPC is owned and operated by principals William V. Gonnering, CCIM, SIOR, and Craig D. Timmins, CCIM. A true team approach utilized by IPC is a
distinguishing feature of the firm; the IPC staff often works as a whole on each client account.

IPC is celebrating its 30th Anniversary. Since 1976, the IPC team has serviced Southwest Florida with buyer and seller representation, site selection, leasing, exchanges, consulting and development services. IPC is located at 3838 Tamiami Trail North, Suite 402, in Naples. For more information: (239) 261-3400 (phone); (239) 261-7579 (fax); www.ipcnaples.com.

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