Education foundation pays $6M for prime downtown Sarasota property

The Education Foundation of Sarasota County has bought a piece of property on Washington Boulevard in downtown Sarasota, that, until last year, housed a prominent local real estate firm for nearly three decades.

According to county records, the foundation paid $6 million for the 0.75-acre parcel at 100 S. Washington Blvd. The sale was announced in a news release from Michael Saunders & Co., which had leased the property for 27 years until it consolidated its offices in May.

It did not disclose the foundation in the release but said the “local buyer is formulating plans to renovate the building and is not ready to disclose details.”