On May 22, Theatre Associates II, LLP sold the property located at the intersection of Fruitville Road and U.S. 301 to Connecticut-based business Lincoln PK Partners LLC for $4.45 million. Bank of America opened a branch at that location last fall and is currently leasing and will continue to lease the property.
Former property owner Wayne Ruben, who is a partner of Sarasota-based Ruben-Holland Development, says he’s working with another buyer on the adjacent property, which currently houses Staples, and should close on that deal in mid-June.
The two parcels combined make up just less than 2.5 acres of land. For Ruben, who developed both properties from a parking lot to two commercial buildings, it’s great news.
“I’m pretty proud of it,” he says. “And Sarasota didn’t lose Bank of America after all.”
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Fans cheered on their favorite bands Saturday at Rock for a Cause.
A budding partnership
Local Kiwanis clubs joined forces to help break ground on a butterfly garden and new information center for Community Haven for Adults and Children with Disabilities.
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With less than a month until Election Day, Rhana Bazzini, left, has decided she’s had enough with current campaign financing.