Collier Company Legacy Office Complex Sells for $23.26 Million in Downtown Naples

By Peter Rose | The Rose Team

A prominent piece of Naples commercial real estate has changed hands, as the historic Collier Place office complex at 3001 Ninth Street North sold for $23.26 million, highlighting the continued strength of the Southwest Florida office market.

Originally developed by Barron Collier Companies, the property consists of two four-story office buildings totaling approximately 60,000 square feet. Collier Place I was constructed in 1974, followed by Collier Place II in 1984. The buildings served as the headquarters of the former Collier Company during a pivotal period of Naples' growth and development.

The complex was acquired by Collier Place Owner LLC, a company affiliated with the ownership of Miami-based KW Property Management & Consulting. The seller, Collier Place Holdings LLC, had owned the asset since 2019, when it purchased the property for $12.85 million. Prior to that, the property traded for $19 million in 2006.

Today, the property remains highly occupied, boasting approximately 97% occupancy with a diverse tenant roster that includes Cummings & Lockwood, Fifth Avenue Family Office, Lake Michigan Credit Union, Blue Horizon Construction, and Comerica Bank.

According to LSI Companies broker Alex Henderson, the sale was completed in roughly four months after ownership explored refinancing and disposition options. Henderson, along with brokers Max Molloy and Sawyer Gregory, represented the transaction.

The new ownership group plans to retain existing tenants while pursuing additional aesthetic and value-enhancing improvements to the property.

Naples Office Market Continues to Show Strength

While office markets in many major metropolitan areas continue to face challenges from remote work and rising vacancies, Naples remains a notable exception.

The property's strong occupancy, stable cash flow, and highly visible location along the U.S. 41 corridor helped attract investor interest. Henderson noted that Southwest Florida continues to benefit from population growth, business relocation activity, and limited inventory of quality office space.

Situated on more than 3.5 acres in the heart of Naples, Collier Place offers a unique combination of stable income, long-term tenancy, and future upside potential. Investors continue to target well-located commercial assets in Naples due to the area's affluent demographics, strong business climate, and ongoing influx of residents and companies relocating from higher-tax states.

The transaction serves as another example of the confidence institutional and private investors continue to place in Naples commercial real estate. As Southwest Florida's economy continues to expand, quality office properties remain an attractive investment despite headwinds seen in many larger urban markets.

For local business owners, investors, and commercial real estate professionals, the Collier Place sale underscores the enduring appeal of strategically located assets within one of Florida's most desirable markets.

For More Information

Peter Rose
The Rose Team | Premiere Plus Realty Company
239-249-0232
[email protected]
The Rose Team

Serving Naples, Bonita Springs, Estero, Fort Myers, Cape Coral, Sanibel, Captiva, and the surrounding Southwest Florida communities.