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Barron Collier Cos., partner buy Park North buildings

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  • | 11:00 a.m. August 21, 2015
  • Charlotte–Lee–Collier
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BUYER: Creekside West Inc. (owners: R. Blakeslee, Bradley Boaz, Katherine Sproul, Barron Collier III, Douglas Baird, Lamar Villere, Phyllis Alden and Brian Goguen) (50% interest), Naples and Foxrock Newgate 5150 Realty LLC (manager: Jason Ward) (50%), Quincy, Mass.
SELLER: Commercial Development Co.
PROPERTY: 5117-5137 Castello Drive, Naples
PRICE: $2.9 million
PREVIOUS PRICE: $2.45 million, September 1998
LAW FIRM ON DEED: Roetzel & Andress LPA, Naples

The Barron Collier Cos. and its frequent partner, Quincy, Mass.-based FoxRock Properties, purchased the six-building Park North office development for $2.9 million.

The price equated to $149 per square foot.

Built in 1994, the connected office buildings have a total of 19,500 square feet of space. It was 85% occupied at the time of the sale.

Clint Sherwood and David Stevens of Investment Properties Corp. handled the transaction.



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