New York investors buy North Naples' Uptown Center for $11.2 million

BUYER: Mt. Ridge Realty Associates LLC (principal: Kenneth Desrosiers), Webster, N.Y.
SELLER: Naples Uptown Holdings LLC
PROPERTY: 2700 Immokalee Road, Naples
PRICE: $11.2 million
PREVIOUS PRICE: $7.7 million, January 2012
LAW FIRM ON DEED: Coleman Yovanovich & Koester PA, Naples

PLANS, DESCRIPTION: A Webster, N.Y., investment group purchased the 75,000-square-foot Uptown Center in North Naples for $11.2 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.