Benderson Development buys Siesta Beach Plaza

BUYER: SBP 5239 LLC (principal: David Baldauf), University Park

SELLER: Penn Associates LLP

PROPERTY: 5239 Ocean Blvd., Sarasota

PRICE: $1.38 million

PREVIOUS PRICE: $271,500, November 2004

LAW FIRM ON DEED: Band Weintraub PL, Sarasota

PLANS, DESCRIPTION: University Park-based retail giant Benderson Development Co. LLC purchased the 6,829-square-foot Siesta Beach Plaza for $1.38 million.

The price equated to $201 per square foot.

Following the sale, Benderson Development signed a new deal with Maufla Inc., which operates as the Bella Roma Italian Restaurant, to lease 1,496 square feet in the center for an initial 10-year term.

The 23-year-old strip center also houses Siesta Tees and Boulevard Beach Wear.

Calls to Benderson Development for comment were not returned prior to publication.