Real Estate Briefs (Sara/Mana)
Attorney Carlton buys Ranch buildings
Buyer: Ringo Ranch LC, Lake Suzy
Seller: S.R. 70 Real Estate Investments LLC
Property: 11121 State Road 70 E., Lakewood Ranch
Price: $2.88 million
Previous Price: $241,200, April 2004
Law firm on deed: Mackey Law Group PA, Bradenton
Plans, description: Lake Suzy attorney David Carlton and his wife, Cindy, have purchased two buildings in Lakewood Ranch as an investment. The Bradenton Herald leases the building closer to the main road, and the Manatee County Tax Collector leases the majority of the second building.
"There is still another about 1,300 square feet of space available in that (second) building," David Carlton says. "I'm planning to open an office (for the Carlton & Carlton Law Firm) there."
Carlton has hired attorney Hunter Carroll, who previously worked for the Carlton Fields law firm in St. Petersburg, as an associate to manage the new Lakewood Ranch office. Carlton & Carlton handles wrongful death insurance and personal injury cases.
The Carltons' Ringo Ranch corporate name comes from a small ranch property they formerly owned in Arcadia.
Park Place of Venice
Buyer: HCP AL of Florida LLC aka Health Care Property Investors Inc. (Summerville), Long Beach, Calif
Seller: Park Place of Venice LLC
Property: 200 N. Nassau St., Venice
Price: $8 million
Previous Price: $2.43 million, December 1989
Law firm on deed: Barnett Bolt Kirkwood Long & McBride, Tampa
Plans, description: San Ramon, Calif.-based Summerville has purchased the 78-unit Park Place of Venice as part of a larger acquisition of assisted-living facilities from Clearwater's Adult Care Management Corp. Summerville purchased 13 facilities from Adult Care Management.
The company now has 20 facilities in Florida, says Steve Walling, director of acquisitions for Summerville. "This is going to be a seamless transition for the current staff. I think the obvious advantage we have as a larger company is our level of efficiencies."
Summerville owns and operates 60 facilities nationwide, primarily in Florida and California.
purchases Denny's building
Buyer: AmSouth Bank, Birmingham, Ala.
Seller: K2M LLC
Property: 5703 Manatee Ave. W., Bradenton
Price: $2.2 million
Previous Price: $950,000, May, 2005
Law firm on deed: Norton Hammersley Lopez & Skokos PA, Sarasota
Plans, description: AmSouth Bank purchased a 4,100-square-foot former Denny's Restaurant building on Manatee Avenue. Jerri Franz, a spokesperson for AmSouth, says the property will likely be a future bank branch, but that at this point the bank has no schedule for development. "We're just going to land bank it for now," Franz says.
The new site is roughly four miles east of the bank's existing downtown branch at 2100 Manatee Ave.
YUM Brands franchiser
buys North Port land
Buyer: Tromble Land Co. LLC (principals Rick and Michele Tromble), Port Charlotte
Seller: Sandy Creek Holdings LLC
Property: 14750 S. Tamiami Trail, North Port
Previous Price: $440,000, May 2005
Law firm on deed: Farr Farr Emerich Sifrit Hackett and Carr PA, Punta Gorda
Plans, description: Rick and Michele Tromble, owners of the Tromble and Co., a large Taco Bell and KFC franchisee, have purchased about 7.5 acres on Tamiami Trail. The Trombles, who did not return calls, started their Taco Bell franchise in 1988 and now operate 35 Taco Bell locations in the Gulf Coast and two KFC restaurants, according to its Web site. Many stores have additional or multi-branded YUM Brand concepts within the restaurants.
buys Parrish land
Buyer: 301 Partners LLC (principals Barbara Anson and Alice Cislo), Myakka City
Seller: Meadows Real Estate Corp.
Property: 12215 U.S. 301 N., Parrish
Price: $1.6 million
Law firm on deed: Ozark Perron & Nelson PA, Bradenton
Plans, description: Mortgage company owner Alice Cislo and Realtor Barbara Anson, in the investment group 301 Partners LLC, purchased about 11 acres on U.S. 301. Three acres that face U.S. 301 are zoned village, allowing commercial uses, and the remainder is zoned A-1, which allows only one residential unit per acre.
"We still haven't made up our minds yet on what we want to do there," Anson says. "We really bought it because of the development that is going on in that area. It is just a really good area of the county near both a county and state road."
The new ownership group mortgaged the property to Liberty Savings Bank for $1.12 million.
In May, the investment group purchased about 769 acres fronting along State Road 64 and bordered by 60th Street Court in Bradenton for $3.4 million.
buys Englewood land
Buyer: Sarasota Industries LLC (Principle Duane Swanson Sr.), Fort Myers
Seller: Interstate Industrial Inc.
Property: 1151 S. River Road, Englewood
Price: $4.8 million
Previous Price: $1 million, June 2003
Law firm on deed: Norton Hammersley Lopez & Skokos PA, Sarasota
Plans, description: A Fort Myers investment group headed by Duane Swanson Sr., president of the construction materials retailer Raymond Building Supply, purchased about 86 acres in Englewood from Osprey's Interstate Industrial.
Swanson says the firm plans to convert the light-industrial land to residential. "The property is right across from a county park," he says. "If we can't rezone it; we may use it to expand Raymond Building Supply."
Sarasota Industries mortgaged the property to SunTrust Bank for $3.6 million.
Raymond Building Supply, which currently has stores in Naples, North Port and Fort Myers, generates $250 million in revenue a year. Swanson expects the company to grow to $500 million in four years.
• Circle Investors of Sarasota LLC purchased a 22-unit motel, located at 6760 Sarasea Circle, Siesta Key, from Magdaline Koch Trust and John Koch Trust for $4.245 million. Warren Hickernell of Prudential Cascade represented the buyers, and Dan Page and Dan McLeroy of Re/Max Properties Commercial Division represented the sellers.
• Kmart, now owned by Sears, Roebuck & Co., purchased the existing Kmart department store at 7350 Manatee Ave. W., Bradenton, from Memphis-based Devonshire Associates and Devonshire Associates Ltd. for $2.85 million.
• An Indiana Beach Retreat LLC purchased A Beach Retreat, 105 Casey Key Road, Siesta Key, from A Beach Retreat LLC for $7.85 million. Florida Division of Corporations shows Ronald Whistler, James Trueblood, Daniel Teder and James Andrew Jr., all of West Lafayette, Ind., as members of An Indiana Beach Retreat LLC. An Indiana Beach Retreat LLC mortgaged the property to the former owner for $6.85 million.
• Siam Retreat Partners LLC purchased the 16-unit Siam Garden, 512 Spring Ave., Anna Maria, from Siam Garden Resort Group LLC for $4.12 million. The new owner has suggested plans to sell the individual units while maintaining the complex as a resort. The new owner mortgaged the property to SunTrust Bank for $3.36 million.
• Addy's Inn LLC purchased the Addy's Inn motel, 330 N. Tamiami Trail, Nokomis, from Michael and Andy Griffith for $2 million. Jim Walter of Richardson Kleiber Walter Walter Partnership represented the seller, and Linda Bastian of Michael Saunders & Co. represented the buyer.
• AmeriQuest mortgage leased 3,044 square feet of office space at CattleRidge Financial Center, 6000 CattleRidge Drive, Sarasota. Marcia Sevigny of Osprey Real Estate Services represented the landlord in the transaction.
• Leedom & Associates leased 6,256 square feet of office space in the Sarasota City Center, 1819 Main St., Sarasota. Brian Kennelly of Osprey Real Estate Services represented the landlord in the transaction.
• Abanco International leased 4,926 square feet of office space in the Sarasota City Center, 1819 Main St., Sarasota. Marcia Sevigny of Osprey Real Estate Services represented the landlord in the transaction.
• WilsonMiller Inc. leased an additional 2,300 square feet of office space in the 6944 Professional Parkway, Lakewood Ranch. Brian Kennelly of Osprey Real Estate Services represented the landlord in the transaction.
• Aliant Financial Services Inc. and CPA Associates PA leased office space in the Sarasota City Center, 1819 Main St., Sarasota. Marcia Sevigny of Osprey Real Estate Services represented the landlord in the transaction.
• Gentiva Health Services (USA) Inc. leased 3,412 square feet of office space at Live Oak Office Center, 2201 Cantu Court, Sarasota. Marcia Sevigny of Osprey Real Estate Services represented the landlord in the transaction.
• Smith Seckman Reid Inc. has leased an additional 3,700 square feet of office space in the 6944 Professional Parkway, Lakewood Ranch. Brian Kennelly of Osprey Real Estate Services represented the landlord in the transaction.
• HDR Engineering has signed a contract to lease 3,902 square feet of office space at Live Oak Corporate Center, 2601 Cattlemen Road, Sarasota. Marcia Sevigny of Osprey Real Estate Services represented the landlord in the transaction.
• United Investments LLP purchased a 7,500-square-foot office/warehouse building, located at 7212 24th Ave E, Bradenton, in Centre Park, from D&D Dynasty Building, Inc. for $465,000. Mike Sporer and Steve Pimlott of Bosshardt Realty Services, Inc. represented the sellers, and Mike Edwards of Edwards Commercial Realty Inc. represented the buyers.
• Team Body Counselor LLC leased 3,000-square-feet of space at 11017 Arcade Place in Lakewood Ranch, from Capricorn One LLC. Diane Lee of Lakewood Ranch Realty represented the owner, and Marcia Cuttler of American Property Group of Sarasota Inc. represented Team Body Counselor.
• Paradise Communities, a subsidiary of The Paradise Group, has taken out a $3.6 million from AmSouth Bank on its recent purchase of the Kirk-Pinkerton PA law firm building and surrounding property on Orange Avenue in Sarasota.
• The U.S. Tower Division of Taylor Woodrow has announced plans to open Beleza condominium on Venice Beach in November, and The Beach Residences condominium on Lido Key in December. Tom Tosi, vice president of operations at the U.S. Tower Division of Taylor Woodrow, said all 26 residences in the eight-story Beleza on Venice Beach sold before construction started last fall at an average price of $1.2 million. All 88 condominiums at The Beach Residences sold before construction started last summer at an average price of more than $2 million, according to Tosi.
• MilitaryStars, a military career expo company, has relocated several employees to the company's new headquarters, a 3,000-square-foot office suite in the High Pointe Business Center off of Route 301 and 63rd Avenue. The company, created in mid-2004, finds civilian jobs for military upon their discharge from service. The company hosts hiring events throughout the country.
• LAM Management Inc. purchased land on Venetia Bay Boulevard in Venice from Alexarl Florida Co. LLP for $3 million.
• The Wisconsin limited liability company Big Lake Estates LLC and Elio and Sud Covelli have purchased the Carlyn Estates Trailer Park, 5611 Bayshore Road, Palmetto from Gary Gregory and Harry Bell for $3.9 million. The new owners mortgaged the mobile home park to Banks of Wisconsin for $3.12 million.
• Cameron, Farren, Jerry and Rodney Dakin, owners of the Cameron Dakin Dairy of Myakka City, purchased about 202 acres of grove land, located at 6005 Juel Gill Road, Myakka City, from Jo Gill Murray and John Miller for $1.55 million. The Dakin family mortgaged the property to Metropolitan Life Insurance Co. for $5 million.
• Palmetto's Countyline Ranch LLC, of Harllee Packing purchased 355 acres of grazing lands, located at 7300 Clay Gully Road, Myakka City, from David and Carole Council for $1.07 million. Countyline Ranch LLC mortgaged the property to Gold Bank for $859,932.
• Brian and Diane Anderson purchased units G-1 and G-2 of Lakeshore Village Plaza, 3900 Clark Road, Sarasota, from Tommy K. LLC for $770,000. Rico Boeras PA of Preferred Commercial Inc. represented the buyer.
• Sheryl and Michael Edwards purchased a 7,500-square-foot office/warehouse, at 7220 24th Ave E, Bradenton, from D&D Dynasty Building Inc. for $465,000. Mike Sporer and Steve Pimlott of Bosshardt Realty Services Inc. represented the sellers, and Mike Edwards of Edwards Commercial Realty, Inc. represented the buyers.
• Vicinni Holdings, LLC purchased 1.6 acres of land at 7203 21st Street East, Sarasota in Centre Park condominium from DFM/Sarasota Properties, LLC for $193,750. Carl Wise of Preferred Commercial Inc. represented the buyer.
• WLS Holdings LLC purchased the 13,424-square-foot former U.S. Tank building, located at 2001 Limbus Ave., Sarasota, from St. Armands Title Services, LLC for $975,000. Carl Wise of Preferred Commercial Inc. represented the seller, and Tony Veldkamp of Michael Saunders & Co., represented the buyer.