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Business Observer Friday, Jun. 13, 2014 4 years ago

ExamWorks Group relocating HQ to Sarasota

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Atlanta-based ExamWorks Group Inc. purchased a 6,281-square-foot freestanding downtown office building for $1.58 million.

BUYER: Examworks Inc. (principals: Richard Perlman, James Price, Wesley Campbell, Kevin Kozlowski, J. Miguel De Castro, Clare Arguedas and Crystal Patmore), Atlanta
SELLER: H.P.D.D. Investments Sarasota LLC
PROPERTY: 1820 Ringling Blvd., Sarasota
PRICE: $1.58 million

PREVIOUS PRICE: $367,500, November 1998
LAW FIRM ON DEED: Hankin & Hankin, Lakewood Ranch

PLANS, DESCRIPTION:
Atlanta-based ExamWorks Group Inc. purchased a 6,281-square-foot freestanding downtown office building for $1.58 million.

The price equated to $251 per square foot. That figure is more than than the two-year average price per square foot for office space ($118) in the Tampa Bay area, according to the CoStar Group.

The two-story building is expected to serve as the company's new headquarters. Located at the corner of Ringling Boulevard and Osprey Avenue, the building features several conference rooms on its first level and a 400-square-foot air-conditioned storage space. It was built in 2001.

Ian Black, Steve Horn and Melissa Harris of Ian Black Real Estate represented the seller and Lee DeLieto Sr. of Michael Saunders & Co. represented the buyer.

“When you look for a freestanding office building in the core, there aren't a lot of those around,” Horn says. “This building was in great shape. Larry Hankin had his law offices there for a long time. It was really move-in ready. It also had good parking.”

ExamWorks Group provides independent medical exams, peer reviews and related services.

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