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Sarasota Thursday, Mar. 26, 2015 2 years ago

Sarasota Herald-Tribune building hits the market

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Tampa-based agents with JLL have listed the prominent downtown property for $18.1 million.
by: Alex Mahadevan News Innovation Editor

Less than three months after a GateHouse Media subsidiary bought the Sarasota Herald-Tribune, the newspaper’s prominent downtown building is up for sale.

The Tampa office of JLL has listed the roughly 72,000-square-foot property for $18.1 million, according to listing documents. The parcel at 1741 Main Street, which is still owned by previous Herald-Tribune parent company Halifax Media Group, has been on the market for less than two weeks.

"With close to 75,000 (square feet), it represents a unique opportunity for a landmark headquarters location in a bustling amenity-rich downtown with suburban convenience,” according to marketing materials. "Although originally designed for single tenancy, recent modifications have been made to accommodate multiple tenants of 30,000 (square feet) or more.”

The city of Sarasota’s downtown Community Redevelopment Agency provided more than $700,000 toward construction of the building in 2006, and Halifax bought the building for $17.4 million in 2012.
 

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