A joint venture of Feldman Equities LLC of Tampa, Tower Realty Partners, and Equity Street Capital, has acquired the 13-story Sarasota City Center, 1819 Main St., which is 80% occupied. “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.
Sarasota City Center, which opened in 1989, includes 13 floors in the north tower and three floors in a south tower that are connected by an atrium. A six-floor parking garage contains 625 spaces. The joint venture said it expects to spend about $10 million to upgrade the building, which will help drive leasing and improve operational efficiency.
Joint venture buys downtown’s Sarasota City Center
The 13-story City Center was acquired by Feldman Equities of Tampa and others. For the second time in three years, one of downtown Sarasota’s largest office buildings has changed hands. A joint venture led by Feldman Equities LLC of Tampa has acquired the 13-story Sarasota CIty Center, 1819 Main St., which is 80% occupied.
