Sarasota restaurant property sells for $5 million

Naples/Fort Myers

Retail sale: A Punta Gorda commercial retail building has sold. The property at 208 Tamiami Trail was bought by Soldi Masari, a local LLC that paid $1.75 million. It was previously owned by a Tennessee investor. The 19,720-square-foot building is about a mile from the Sunseeker Resort Charlotte Harbor. According to a profile of the property on crexi.com, it was built in 2007 and fully leased when it hit the market. The Fort Myers commercial real estate firm LSI Cos. represented the buyer and announced the sale. 

Same as the old boss: Speaking of the Sunseeker, Allegiant Travel Co., the Las Vegas company building the resort, announced Sept. 28 that CEO John Redmond had stepped down. Redmond oversaw construction of the over-budget and oft-delayed $695 million project being built in Port Charlotte. He is being replaced by company founder Maurice J. Gallagher. In a statement announcing his resignation as CEO and from the board, Redmond says he is “particularly proud of the Sunseeker team we've put in place, and I know they will carry the project over the finish line and establish the hotel as a premier destination in Southwest Florida.” An opening day has not been set for the resort, which was supposed to open this month.