Investor Chris Brown buys former Patrick's building

BUYER: 1400 Main LLC (principal: Christopher Brown), Osprey
SELLER: Harry Walia aka Harbhajan Ahluwalia
PROPERTY: 1400 and 1410 Main St., Sarasota
PRICE: $2.65 million
PREVIOUS PRICE: $755,000, November 1992
LAW FIRM ON DEED: Berlin-Patten PLLC, Sarasota

PLANS, DESCRIPTION: Investor/entrepreneur Chris Brown purchased a two-story retail building at the corner of Main Street and Pineapple Avenue for $2.65 million.

The price equated to $119 per square foot. That figure is lower than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.