The two parcels attached to the State Street Garage project have found builders. The 14,000-square-foot commercial condominium space has been given to WMR Consulting LLC for $1.8 million, while the second 5,000-square-foot undeveloped pad site will go to Hembree & Associates for $688,000. The offers were the highest bids received by Ian Black, who acted as the city’s agent in the transactions. The sales will be finalized after a 30-day review. The $11 million parking garage, which began construction earlier this summer, will provide nearly 400 parking spaces and is anticipated to be complete early next year.*

 

*As reported in the Sarasota Herald-Tribune.

 

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Echo Paradise LLC purchased Paradise Plaza, located at the intersection of U.S. 41 and Bee Ridge Road in Sarasota, from Wisconsin-based Paradise Plaza LLC for $26.7 million. Echo Paradise is an affiliate of Blawnox, Pa.-based Echo Realty. The plaza is currently about 90 percent occupied.

 

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Salty Brands, LLC has leased 1,124 square feet in Cortez Village Square in Manatee County. Ben Bakker with Michael Saunders & Company handled the transaction.