Benderson Development Acquires Office Property For $25M In Sarasota

An office property located at 1660 Ringling Blvd in Sarasota has been sold for $25,000,000. The property spans 5.25 acres and has a total square footage of 158,149. The sale price per square foot is approximately $158.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,000,000
• Address: 1660 Ringling Blvd
• Market: Sarasota
• Acreage: 5.25 acres

The buyer of the property is Benderson Development. The deal was facilitated by brokers Paul Carr, Todd Tolbert, Ken Krasnow, and Brooke Berkowitz from Colliers.