A Canadian investor on Friday acquired a series of downtown Sarasota retail properties that had been assembled more than a decade ago as part of a $200 million complex known as Pineapple Square.
The Downtown Sarasota Collection comprises properties occupied by kitchen purveyor Sur La Table, apparel merchants Eileen Fisher and J McLaughlin, Pastry Art Café, cosmetic seller Bluemercury and restaurants Hyde Park Prime Steakhouse and Boca Sarasota, among others.
“These tenants came to Sarasota because the demographics and the excitement surrounding the revitalization of downtown fit their profile,” says Lee DeLieto Sr., a commercial agent with brokerage Michael Saunders & Co. who represented the buyer in the negotiations.
“They wanted to be in Sarasota.”
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