The BOTA Center, the historic office property located at 1570 Boulevard of the Arts in Sarasota’s burgeoning Rosemary District, and a nearby vacant 6,250-square-foot lot have sold for $4.35 million. The buyer is Kingdom Development BOTA, LLC, a real estate company owned and controlled by local tech entrepreneur John Daniel Lemp. The seller, Howard Davis, spent nearly two years restoring the 17,285-square-foot property prior to listing it in February. Ian Black and Jag Grewal, partners at Ian Black Real Estate, facilitated the transaction.
The property is currently fully leased to four tenants, including Hive Architects, digital marketing firm AdRizer, architect Max Strang and upscale home staging company iStage.