Ferguson Enterprises plans Sarasota plumbing supply location

BUYER: Ferguson Enterprises Inc. (officers: Terry Hall, David Keltner, Frank Roach, Kevin Murphy, Byron Woodard and Lonnie Byrd), Newport News, Va.
SELLER: Mullet Properties Inc.
PROPERTY: 5454 Palmer Blvd. and additional land on Ponder Avenue, Sarasota
PRICE: $1.02 million
PREVIOUS PRICE: $135,000, May 1997
LAW FIRM ON DEED: Norton Hammersley Lopez & Skokos PA, Sarasota

PLANS, DESCRIPTION:
Ferguson Enterprises Inc. purchased a 16,000-square-foot industrial building for $1.02 million.

The price equated to $63 per square foot. That figure is lower than the two-year average price per square foot for industrial space ($104) in the Tampa Bay area, according to the CoStar Group.