- April 4, 2026
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When Naples developers Barron Collier and Lutgert opened Mercato in 2008, Southwest Florida was about to be engulfed in one of the most brutal recessions.
Seven years later, the partnership that now includes private equity firm Madison Marquette sold the 456,359-square-foot mixed-use development to Prudential Real Estate Investors for $239.6 million in cash, or $526 per square foot.
