Publix buys former Herald-Tribune building

BUYER: Publix Super Markets Inc., Lakeland
SELLER: The New York Times Co.
PROPERTY: 801 Tamiami Trail and 2075 Browning St., Sarasota
PRICE: $6.3 million
LAW FIRM ON DEED: The Law Offices of George H. Mazzarantani PA
PLANS, DESCRIPTION: Publix Super Markets Inc. purchased the former Sarasota Herald-Tribune building on 3.68 acres fronting Tamiami Trail for $6.3 million.

The purchase price equated to $1.71 million per acre.

As the Review reported in its May 15 issue, Publix plans to demolish the building to develop a two-story 54,000-square-foot Publix supermarket. The new supermarket will feature ground floor parking connected to the second floor grocery through customer and cart escalators and large freight-sized elevators.