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Feldman Equities Acquires 248K-SF Sarasota Office Property
Feldman Equities has acquired Sarasota City Center, a two-building office property totaling 247,947 square feet in downtown Sarasota. The sales price was not disclosed.
Sarasota City Center comprises the 13-story North Tower and the three-story South Tower, as well as a six-story parking garage. The property is currently 82% leased and features floor-to-ceiling green reflective glass, a tenant lounge, on-site restaurant, fitness center, hair salon and spa, shoe repair, bank with drive-thru and ATM and landscaped courtyard with tables and chairs. The property was built in 1989 and renovated in 2018.
Hermen Rodriguez, Ike Ojala and Matthew McCormack of JLL represented the seller, The Dilweg Cos., in the transaction. Additionally, JLL worked on behalf of the new owner to place a loan with NXT Capital. Proceeds funded the acquisition and will be used by the borrower to upgrade the asset.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
