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Connecticut-based business Lincoln PK Partners LLC bought the property that currently houses a Bank of America Branch for $4.45 million.
Sarasota Friday, May. 24, 2013 4 years ago

Redeveloped property at Fruitville and 301 sells


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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