La Stanza Restaurant & Lounge buys existing Englewood building

BUYER: La Stanza Restaurant & Lounge Inc. (principals: Alija Kanacevic and Lori Simensky), Englewood

SELLER: Vondel & Co. and Calvin Erb

PROPERTY: 279 W. Dearborn St., Englewood

PRICE: $716,200

PREVIOUS PRICE: $127,000, August 1997

LAW FIRM ON DEED: Law Office of Andrew W. Rosin PA, Sarasota

PLANS, DESCRIPTION: La Stanza Restaurant & Lounge's owners purchased its 8,309-square-foot building for $716,200.

The price equated to $86 per square foot.

The restaurant relocated to the building roughly two years ago and has been leasing ever since.

“We felt we got a pretty good deal,” says Agin Kanacevic, restaurant manager. “Our lease had expired, and we had an option to buy.”

The Italian restaurant also recently extended its service to seven days a week.

The purchase entity La Stanza Restaurant & Lounge Inc. mortgaged the property to the former owners, Vondel & Co. and Calvin Erb, for $595,000.