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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24 Sarasota Pumpkin Festival
5:00 pm - 8:00 pm
25 Free picture framing seminar
25 Stepping Out Against Domestic Violence (DV Awareness Walk)
25 3rd Annual Sarasota Book Fair
10:00 am - 3:00 pm
On Saturday Phillippi Shores Elementary fourth-grader Mickeyshane McGetrick invited friends and classmates to help kick off his class project to clean up Turtle Beach.
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School of rock
Fans cheered on their favorite bands Saturday at Rock for a Cause.