HFF announces $7.4 million sale of Class A office building in Sarasota, FL

Lake Osprey Building at Lakewood Ranch, Lakewood Ranch, FL

ORLANDO, FL , Sept.13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $7.4 million sale of the Lake Osprey Building at Lakewood Ranch, a 34,103-square-foot, Class A office building in the Sarasota-area community of Lakewood Ranch, Florida.

The HFF team represented the seller, TCA 12, LLC, and procured the buyer, Lawrence Holdings, LLC.

Robbie McEwan

Lake Osprey Building at Lakewood Ranch is located at 6230 University Parkway in Lakewood Ranch, the third highest selling master planned community in the nation in 2017. 

 The 2.5-acre site is a half mile from Interstate 75 and six miles northeast of downtown Sarasota.  Completed in 2007, the three-story, multi-tenant office building is fully leased to a mix of local and national tenants, including HomeBanc, Sarasota Orthopedic Group, PrismHR, Medical Sales College and Becker & Poliakoff, PA.

The HFF investment advisory team representing the seller included senior director Robbie McEwan, CCIM. 

“This sale demonstrates both the high demand for and significant amount of capital chasing office investment product in this submarket and greater Sarasota, particularly in the middle market $5 - $20 million price tranche,” McEwan said. 

 “We received a significant amount of interest from not only local buyers but national and international groups as well.”

CONTACTS:

ROBBIE MCEWAN

FL Lic. #SL3207356

HFF Senior Director

(407) 745-3900

rmcewan@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 848-1572

krmurphy@hfflp.com