Sarasota City Center deal could have "transformative impact"

Feldman Equities and partners plan to spend up to $10 million to enhance their newest acquisition in downtown Sarasota.


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  • | 6:00 a.m. March 13, 2020
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COURTESY PHOTO — Sarasota City Center was purchased at the end of February by a partnership led by Tampa-based Feldman Equities LLC for $50 million.
COURTESY PHOTO — Sarasota City Center was purchased at the end of February by a partnership led by Tampa-based Feldman Equities LLC for $50 million.
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Feldman Equities LLC and partner Tower Realty Partners plan to apply many of the lessons they’ve learned as one of the most active office landlords in Tampa and St. Petersburg to their new venture in downtown Sarasota.

In the wake of their roughly $50 million acquisition of the Sarasota City Center office building earlier this month, the pair say they will embark on a roughly $10 million capital improvement plan at the 13-story building.

 

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