Real Estate Equity Acquisition
Shoppes at Sarasota Row
“Shoppes at Sarasota Row is a trophy quality Whole Foods and Starbucks anchored retail center located in downtown Sarasota, which is one of Florida’s wealthiest and fastest growing coastal markets. The highly walkable location serves customers from downtown, the suburbs, and the nearby barrier islands. The property benefits from a high barrier to competitive entry location. With current rents well below market, the property is well positioned to increase towards market levels as leases roll.”
—Steven Osborne, Senior Director
- 59,341 square feet consisting of two buildings and a parking garage
- 100% occupied
- Market dominant Whole Foods store that was recently renovated with extremely strong sales
Source: REI Real Estate Equity Investments, New York Transactions Group, April 2019.