$49,000,000 │ Naples Premier Class-A Office Space
The sale of Naples’ Fifth Third Center at 999 Vanderbilt Beach Road was the largest individual commercial sale in Collier County in recent years, according to the Collier County Property Appraiser’s office. The second-largest sale during in the same recent period was The Blackstone Group’s purchase of the Carillon Place shopping center in June for $35.35 million.
The eight-story, 161,000-square-foot office building at 999 Vanderbilt Beach Road, Naples was fully leased at the time of the sale. Fifth Third Bank and Brown & Brown Insurance are its two most prominent tenants. The sale also included a parking deck with more than 500 spaces.
Gary L. Jaarda, represented the buyer. The building is one of the largest office buildings in Collier County and is also one of the youngest Class A buildings in the market. The building was never listed.