PROPERTY: Newgate Center, 5200 Tamiami Trail N and Park North, 5125 Castello Drive, Naples, FL
SELLER (LESSOR): Creekside West, Inc., GC Partnership, Ltd, and FoxRock Newgate 5150 Realty, LLC
BUYER (LESSEE): Tamiami Newgate LLC
VALUE OR SALE PRICE: $33,000,000
TRANSACTION DATE: May 13, 2019
Comments: Naples, FL … A private European investment group, Tamiami Newgate LLC, purchased Newgate Center and Park North from Creekside West, Inc., GC Partnership, Ltd, and FoxRock Newgate 5150 Realty, LLC for $33,000,000.
David J. Stevens, CCIM of Investment Properties Corporation negotiated this transaction for the Seller.
Rainer N. Filthaut of IRC International Realty Corporation negotiated this transaction for the Buyer.