Sarasota-based Benderson Development has acquired Sarasota County’s administration building at 1660 Ringling Blvd. in downtown Sarasota for $25 million.
Paul Carr, Todd Tolbert, Ken Krasnow and Brooke Berkowitz of Colliers facilitated the transaction of the 158,149-square-foot office property. The deal allows the county to lease back the space in the building for another four years.
Sarasota County has not yet finalized relocation plans for its administrative offices. However, county leaders have discussed moving to county-owned land on Cattleman Road in northern Sarasota County. The county commission voted unanimously in October to add the new administration center project to the county’s Capital Improvement Program, which is a multi-year plan for renovations and major infrastructure projects. It tentatively plans to finish construction of the building in the fall of 2025.