July 31, 2019
JLL has arranged the $10.3 million sale of four retail properties totaling 30,188 square feet in downtown Sarasota.
Located at 1500 and 1501 Main St. and 22 and 35 Lemon Ave., the properties are along the Main Street and Lemon Avenue corridors, which are downtown Sarasota’s primary retail streets. The portfolio is currently 89% leased to a tenant roster that includes Sur La Table, Bluemercury, Eileen Fisher, Hyde Park Prime Steakhouse, Boca Kitchen, J. McLaughlin and Sara Campbell.
Eric Williams, Daniel Finkle and Luis Castillo of JLL represented the seller, Lemon Avenue Properties, in the transaction. The buyer was not disclosed. The deal was secured by HFF prior to being acquired by JLL.
For comments, questions or concerns, please contact David Cohen