Senior Vice President Louie Granteed completes $6.28 million retail transaction
HOLLYWOOD and NAPLES, FL – Feb. 27, 2023 – Tobin Real Estate completed another successful commercial real estate transaction, demonstrating its dealmaking prowess throughout Florida and beyond. Senior Vice President Louie Granteed represented the seller in the $6.28 million sale of Commons on Collier, a prime Naples shopping center.
The sale of the 12,601-square-foot center at 6654 Collier Blvd. closed on Feb. 22. Rook at Naples, LLC sold the property to Bryer Investment Properties, LLC and Bryer Properties, LLC.
Built in 2018 on 1.73 acres, the center is fully stabilized with long-term tenants. Its roster includes Supercuts, Domino’s and the Collier County Tax Collector.
The center is located on a Walmart Supercenter outparcel and in close proximity to Ross, ALDI and Pet Supermarket stores. Its visibility to more than 57,000 daily vehicles passing through the intersection of Collier Boulevard and US Highway 41 makes the center especially desirable.
“This sale was a fantastic outcome for both parties,” Granteed said. “It is almost impossible to find a fully leased retail center built within the last half-decade in the Naples market, which continues to experience tremendous growth and wealth migration.”
Matt Stepan of Premier Commercial represented the buyer in the transaction.
The City of Naples is one of the wealthiest in the U.S., with the sixth-highest per capital income in the nation. The Naples MSA is ranked No. 16 out of 200 U.S. metropolitan areas with a growth rate of 16% since 2010.
Tobin Real Estate, a division of the forward-thinking Tobin firm that is nearing a century of operation, leverages generations of experience and a strategic, data-driven approach to achieve optimal results for clients. The Commons on Collier sale is one of countless examples of Tobin’s unmatched Owner’s Perspective™.
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About Tobin
For nearly a century, Tobin has been an accomplished family-owned real estate, management, and construction company based in South Florida that provides a full stack of development, construction, brokerage, and property & asset management services across the Southeastern United States. Established in 1926 by real estate pioneer Ben Tobin, the company remains family-owned and operated and has compiled a diversified portfolio. Tobin prioritizes a relationship-first approach and entrepreneurial work ethic while utilizing the Owner’s Perspective™. Tobin’s heritage of success is marked by the collective experience of its professionals, their dedication and expertise, and the company’s position as an invested stakeholder, acting only in the best interest of each client. For more information, visit www.tobinsince1926.com.