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BUYER: Gecko's Hospitality Group LLC (principals: Michael Quillen and Michael Gowan), Sarasota
SELLER: Edmonia Davies, individually and as trustee of the Edmonia O. Davies Trust
PROPERTY: 2407 Bee Ridge Road, Sarasota
PRICE: $500,000
PLANS, DESCRIPTION: Gecko's Grill & Pub's parent company, Gecko's Hospitality Group LLC, purchased a former gas station for $500,000.
The price equated to $21 per square foot for the land.
The site, located at the northeast corner of Bee Ridge Road and Shade Avenue, contains a 1,638-square-foot gas station building.
Company president Mike Quillen says the restaurant company has been working for the past eight months on a new business venture it plans to locate on the property.
“We hope to open there in the next three-and-a-half to four months,” he says.
Mike Gowan and Quillen started Gecko's in 1992. Today, it has five Gecko's locations: two in Manatee County and three in Sarasota County. The chain employs more than 300 people.
John Harshman of Harshman & Company Inc. represented the seller and Nick DeVito of Ian Black Real Estate represented the buyer.
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