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Osprey Buys 81,000-SF Office for $16M

SARASOTA, FL-The 81,118-sf Sarasota Commerce Center I sells for $15.65 million, or $192 per sf.

By Natalie Keith | Updated on June 17, 2007

SARASOTA, FL-Brighton, MI-based Osprey SA has acquired the 81,118-sf class A Sarasota Commerce Center I at 100 Arthur Anderson Parkway for $15.6 million. The seller is DA Commerce Center LLC, an affiliate of Rahway, NJ-based Denholtz Associates. Jeffery Dunne and David Gavin, of CB Richard Ellis’ New York Tri-State Region Institutional Group, and Ginger Gelsheimer and Rick Klepal, of CB Richard Ellis’ Tampa office, brokered the sale.

“The seller wanted to take advantage of the strong market conditions,” Gelsheimer tells GlobeSt.com. “They thought they could get core pricing for this property and, at $192 per sf, they did.”

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