Naples' Heritage Builders buys former Big Cypress Marketplace

BUYER: Heritage Property Holdings LLC (managers: Bruce Duvall, Mark Richarz, Neville Davies and John Rinald), Naples
SELLER: SBT Naples LLC
PROPERTY: 220 Basik Drive, Naples
PRICE: $2.8 million
PREVIOUS PRICE: $662,500, June 2007
LAW FIRM ON DEED: Mark H. Muller PA, Naples

PLANS, DESCRIPTION:
Heritage Builders of Naples purchased the 94,362-square-foot former Big Cypress Marketplace building for $2.8 million.

The price equated to $30 per square foot. That figure is less than the two-year average price per square foot for retail space ($150) in Southwest Florida, according to the CoStar Group.