Seagate Buys Mixed-Use Property in Naples, Florida for $11.8 Million

Naples, Fla. — Naples Liberty Group, an affiliate of Seagate Development Group, has purchased Liberty Plaza, a three-building office and retail property in Naples from an entity known as Naples Venture I Inc. for $11.8 million. David Stevens and Robert Carroll of Investment Properties Corp. represented the buyer, while Marc Zampell of Nationwide Residential & Commercial Real Estate Inc. represented the seller. Liberty Plaza features two buildings with two stories and one building with one story, as well as 50,000 square feet of rentable space. The property was 98 percent leased at the time of sale to tenants including Don Tequila Mexican Restaurant, Fox Alterations Studio and Pelagos Café. SW Management & Realty, another Seagate affiliate, has been contracted to provide property management services, while Robert Carroll of IPC will maintain leasing services.

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