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Benderson Development Acquires Burlington-Anchored Bee Ridge Square Shopping Center In Sarasota For $14.4M

Property Image
SOLD
$14,400,000
Fred Victor
Justin Smith
Sam Koonce
+ 1

Florida

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Retail128,399 SF
Sold 04/28/2023
the dealplayerscompscontact
Property Image
SOLD

Benderson Development Acquires Burlington-Anchored Bee Ridge Square Shopping Center In Sarasota For $14.4M

3156 Bee Ridge Rd Sarasota, FL 34239, USA

See Similar Deals
Retail128,399 SF
Sold 04/28/2023
Fred Victor
Justin Smith
Sam Koonce
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$112
Total Square Footage:128,399 SF
Transaction Type:Sale

Benderson Development, a retail real estate company based in East Manatee County, has purchased the Burlington-anchored Bee Ridge Square shopping center in Sarasota for $14.4 million. The 128,399-square-foot center is located near the intersection of Bee Ridge and Cattlemen roads and is home to 15 businesses and restaurants. This acquisition is part of Benderson's ongoing expansion, adding to their portfolio of over 800 properties across 40 states.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,400,000
  • Square Footage: 128,399
  • Price per Square Foot: $112
  • Address: 3156-3166 Bee Ridge Road, Sarasota
  • Market: Sarasota

Justin Smith, Chris Peterson, Fred Victor, and Sam Koonce of Atlantic Capital Partners represented Benderson Development in the transaction as their brokers. The seller, Burlington Coat Factory Warehouse Corp., was represented by their own representative.

Players

Chris Peterson
Atlantic Retail
Chris Peterson
30 deals$493.7M volume
BROKER
Sam Koonce
Atlantic Retail
Sam Koonce
28 deals$525.5M volume
BROKER
Justin Smith
Re/Max
Justin Smith
9 deals$96M volume
BROKER
Fred Victor
Atlantic Retail
Fred Victor
8 deals$144.5M volume
BROKER
Benderson Development
Benderson Development
BUYER

Details

SOLD
IMAGE: Fred Victor, Chris Peterson, Shaun Benderson, Justin Smith & Sam Koonce DATE: 04/28/2023 ADDRESS: 3156-3166 Bee Ridge Road MARKET: Sarasota ASSET TYPE: Retail BUYER: Benderson Development (@BendersonDevelopment) - Shaun Benderson SELLER: Burlington Coat Factory Warehouse Corp. (@BurlingtonCoatFactoryOfficial) BROKERS: Justin Smith, Chris Peterson, Fred Victor & Sam Koonce (@Koonce1026) - Atlantic Capital Partners (@Atlantic_Retail) SALE PRICE: $14,400,000 SF: 128,399 ~ PPSF: $112 NOTE: East Manatee County-based Benderson Development, one of the nation's leading retail real estate companies, has acquired the Burlington-anchored Bee Ridge Square shopping center in Sarasota for $14.4 million. The 128,399-square-foot center, located near the intersection of Bee Ridge and Cattlemen roads, houses 15 businesses and restaurants, and the acquisition is part of Benderson's ongoing expansion, which now includes over 800 properties across 40 states.

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