Barron Collier Cos., partner, buy Tamiami Trail office building

BUYER: Creekside West Inc. (50% interest) (officers: R. Blakeslee Gable, Bradley Boaz, Katherine Sproul, Barron Collier III, Douglas Baird, Lamar Villere, Phyllis Alden and Brian Goguen), Naples and Foxrock OT5 Realty LLC (50%), Quincy, Mass.
SELLER: 4099 Building LLC
PROPERTY: 4099 Ninth St. N. and 4077 and 4099 Tamiami Trail N., Naples
PRICE: $9 million
PREVIOUS PRICE: $5.5 million, September 2001
LAW FIRM ON DEED: Vogel Law Office PA, Naples

PLANS, DESCRIPTION:
Naples-based Barron Collier Cos. and an affiliate of Quincy, Mass.-based FoxRock Properties purchased a 40,288-square-foot Naples office building for $9 million. The price equated to $223 per square foot.

The four-story office building is at the southwest corner of Old Trail Drive and Tamiami Trail.

“Its central location and strong leasing history make it a very attractive asset,” Barron Collier Cos. President Blake Gable writes in a statement to the Business Observer. “In the immediate future, our intention is to enhance the property with a newly redesigned exterior and renovations.”