“We’ve had our eye on the Sarasota market for years now, and we’re thrilled to grow our greater Tampa Bay footprint to one of the fastest-growing counties in the country, company CEO Larry Feldman said about the Company’s latest office building acquisition. Sarasota City Center is already the best building in downtown Sarasota. Our goal is to bring the building up in quality to a Class A+ condition. Downtown Sarasota is hot right now. Still, we managed to acquire these buildings at less than half of replacement cost and we don’t expect any new supply to come online in downtown Sarasota for at least four or five years.”
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A joint venture between Feldman Equities, Tower Realty Partners and Equity Street acquired a marquee property in downtown Sarasota. The joint venture bought Sarasota City Center, two Class A office buildings at 1819 Main St. The buildings total 247,947 square feet and are connected by a common atrium.