SOLD
Benderson Development Acquires Glengary Shoppes In Sarasota For $30.5M
4020 South Tamiami Trail
Retail
95,489 SF
95,489 SF
Sold 105 days ago
Summary
Sale
FLORIDA
Retail
95,489 sqft
Benderson Development has purchased Glengary Shoppes, a 95,489 sq ft retail property located at 4020 South Tamiami Trail in Sarasota. The sale price for the property was $30,500,000, resulting in a price per square foot of $319. The transaction took place on January 5, 2024. The property is situated in the Sarasota market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $30,500,000
- Address: 4020 South Tamiami Trail
- Market: Sarasota
Randy Benderson of Benderson Development acted as the buyer in the transaction, while Lisa Palmer, representing Regency Centers, served as the seller. The deal was facilitated by Colliers International brokers Whitaker Leonhardt and Brad Peterson.
The Glengary Shoppes shopping center, which is 97% leased, adds to Benderson Development's extensive local portfolio in Sarasota. The property features tenants such as Best Buy and Barnes & Noble. This acquisition complements Benderson's existing assets, including Crossings at Siesta Key and The Landings.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Brad Peterson, Whitaker Leonhardt, Randy Benderson & Lisa Palmer
DATE: 01/05/2024
ADDRESS: 4020 South Tamiami Trail
MARKET: Sarasota
ASSET TYPE: Retail
BUYER: Randy Benderson - Benderson Development (@BendersonDevelopment)
SELLER: Lisa Palmer - Regency Centers (@RegencyCenters)
BROKERS: Whitaker Leonhardt & Brad Peterson - Colliers International (@ColliersInternational)
SALE PRICE: $30,500,000
SF: 95,489 ~ PPSF: $319
NOTE: Benderson Development has purchased Glengary Shoppes, a 95,489 sq ft Sarasota shopping center, for $30.5 million from Regency Centers. The property, 97% leased with tenants like Best Buy and Barnes & Noble, adds to Benderson's extensive local portfolio, including Crossings at Siesta Key and The Landings.View on map
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Address4020 South Tamiami Trail
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