Naples real estate investor buys Ninth Street retail center

BUYER: Giovanni Management LLC (manager: Angelo Mariani), Naples
SELLER: Onesto Group LLC
PROPERTY: 570, 572, 586 and 590 Ninth St. N., Naples
PRICE: $2.75 million
PREVIOUS PRICE: $2.05 million, August 2002
LAW FIRM ON DEED: Roetzel & Andress LPA, Naples

PLANS, DESCRIPTION:
Angelo Mariani of Naples purchased an unnamed 10,000-square-foot retail strip center for $2.75 million.

The price equated to $275 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.