A Canadian investor paid $10.3 million for a portfolio of four downtown retail properties in the affluent coastal community of Sarasota, Florida.
Main St. Sarasota General Partner of Oakville, Ontario, bought the properties for $341.20 per square foot from Isaac Group Holdings, a Florida investment firm, according to CoStar data.
The buildings at 1500 and 1501 Main St. and 22 and 35 Lemon Ave. are along the primary retail corridor serving the city’s downtown, according to Jones Lang LaSalle, which represented the seller in the deal.
Downtown Sarasota, south of Tampa on the state’s west coast, is one of the most sought-after urban neighborhoods in Florida, Eric Williams of JLL said in a statement.
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