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Kompo Family Co. LLC buys bank headquarters land
BUYER: Kompo Family Co. LLC (principal: Gary Kompothecras), Sarasota
SELLER: Lakewood Ranch Commerce Park LLC
PROPERTY: 2025 Lakewood Ranch Blvd., Bradenton
PRICE: $1 million
LAW FIRM ON DEED: Schroeder-Manatee Ranch Inc.
PLANS, DESCRIPTION: Kompo Family Co. LLC, a limited liability company headed by Sarasota chiropractor Dr. Gary Kompothecras, purchased the 1.7 acres housing the corporate headquarters of Community Bank of Manatee for $1 million.
The purchase price equated to $13 per square foot for the land, which is located at the southeast corner of the intersection of Passage Drive and Lakewood Ranch Boulevard.
The former owner, an entity of Lakewood Ranch master-developer Schroeder-Manatee Ranch, signed a ground lease with Community of Bank of Manatee for the bank's current 15,000-square-foot headquarters in July of 2005.
Kompothecras and his wife Elizabeth provided a mortgage to the purchase entity for the property of $1 million. Gary Kompothecras is best known for his Ask Gary lawyer and medical referral service.<
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