Fifth Avenue South Sees Almost
$100 million in Deals
You read that right, nine zeros, $100 million! We wrote last month about a deal for 7 buildings and a parking lot downtown for over $74 million. The Naples Daily News reports that the latest sale was to a Wisconsin firm called Hendricks Commercial Properties LLC. They purchased two buildings for $25.45 million. These commercial buildings have a combined 50,000 square feet of offices and retail space right on the street.
Interesting enough, John R Wood. Realtors is located at one of these buildings. Other occupants include Bistro 821, The Cafe on 5th, and Delicious Raw.
Fifth Avenue South spending spree is on
By Laura Layden of the Naples Daily News
The spending spree continues on Fifth Avenue South.
In a little over a month, the swanky street has seen the sale of nine buildings, for nearly $100 million.
In the latest sale, Wisconsin-based Hendricks Commercial Properties LLC has snatched up two commercial buildings on the popular street in downtown Naples, paying $25.45 million for them. The deal closed Monday.