Illinois' GK Development buys two downtown commercial buildings


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  • | 10:00 a.m. May 2, 2014
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BUYER: XAC Developers LLC, Barrington, Ill.
SELLER: Palm Avenue Partners LLC
PROPERTY: 33 S. Palm Ave. and 30 Mira Mar Court, Sarasota

PRICE: $2.75 million
PREVIOUS PRICE: $2.2 million, July 2005

PLANS, DESCRIPTION:
Barrington, Ill.-based GK Development Inc. purchased a two-story 7,040-square-foot retail building and the 3,720-square-foot Roth Cigar Factory building for $2.75 million.

 

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