University Park investor buys U.S. 41 strip center

BUYER: CMA Realty LLC (principal: Alan Kesten), University Park
SELLER: Bersam Development Co.
PROPERTY: 3908 S. Tamiami Trail, Sarasota
PRICE: $3.7 million
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota

PLANS, DESCRIPTION: CMA Realty LLC, a company led by Alan Kesten of University Park, purchased a 14,250-square-foot retail strip center for $3.7 million.

The price equated to $260 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.