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.”
Currently 0 Responses
27 Thanksgiving Free Public Talk & Veggie Potluck
10:00 am - 3:00 pm
29 Light Up Siesta Village and Holiday Parade
5:00 pm - 9:00 pm
30 Advent Procession
3 Rachel's Challenge Anti-Bullying Event hosted by The Cal Ripken, Sr. Foundation
6:30 pm - 8:30 pm
The gift of music
Riverview High School received a donation of $5,000 during a break in the Kiltie Band Fall concert on Nov. 20.
Coming together for the community
All Faiths Food Bank called on volunteers to help distribute 7,000 Thanksgiving dinners Saturday.
Observer on the hunt for displays
We’re making our list of the best holiday lights displays in Sarasota and checking it twice.