ORLANDO—Sarasota Main Plaza, a 254,677-square-foot mixed-use retail center, has traded hands. The sale price: $18.1 million.
Cushman & Wakefield senior director Patrick Berman and director Jason Donald represented Paragon Realty Group in the deal. Steve Horn of Ian Black Real Estate represented the buyer, a joint venture of Baird, JMB Parent, and GPS Industries.
"Sarasota Main Plaza is a landmark property with tremendous potential," Berman tells GlobeSt.com. "The property's ideal location, accompanied by its high-density zoning, allows for the development of apartments, hotel rooms, retail space, condominiums and office space."
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