The Dilweg Cos. has sold Sarasota City Center, a class A, two-building office property totaling 247,947 square feet in downtown Sarasota, Fa. Financial terms of the sale was not disclosed.
JLL Capital Markets marketed the property on behalf of the seller.
Feldman Equities purchased the asset. Additionally, JLL worked on behalf of the new owner to place a loan with NXT Capital. Proceeds funded the acquisition and will be used by the borrower to substantially upgrade the asset.
Sarasota City Center comprises the 13-story North Tower and the three-story South Tower along with a six-story parking garage that houses 611 parking stalls. The property features floor-to-ceiling green reflective glass, a tenant lounge, on-site restaurant, fitness center, hair salon and spa, shoe repair, bank with drive thru and ATM and landscaped courtyard
