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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20 Golfing for a Change
20 Sarasota/Manatee Heart Walk
20 SPARCC Pirate & Princess Ball
24 "Smart, Sassy, Strong & Classy!" Women's Gala & Speed Networking Event
10:00 am - 2:00 pm
Can you dig it?
Third- and fourth-grade students of Temple Beth Sholom had a chance to brush up on their paleontology skills last week while digging for faux dinosaur bones.
Sound of scholars
Local students Caleb Upton and Matthew Vaadi received some help for their upcoming studies to the tune of $1,000 each from the Sarasota Chorus of the Keys. The scholarships were made possible through the Sheridan E. Brown Memorial Scholarship Fund. Both students plan to use the funds toward a career in music.
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The top five sports moments of the week.