Naples real estate investor buys Orange Pine Plaza center, Hess Express

BUYER: Patton Avenue Holdings LLC (principal: Peter Gignac), Naples
SELLER: PRY of Naples LLC
PROPERTY: 2055 and 2099 Pine Ridge Road, Naples
PRICE: $4.5 million
PREVIOUS PRICE: $4.53 million, April 2006
LAW FIRM ON DEED: Conroy Conroy & Durant PA, Naples

PLANS, DESCRIPTION:
Peter Gignac of Naples purchased the Orange Pine Plaza retail center and a 4,000-square-foot Hess Express convenience store for $4.5 million.

The price equated to $186 per square foot. That figure is higher than the two-year average price per square foot for retail space ($144) in Southwest Florida, according to the CoStar Group.