Illinois family buys University land for Culver's restaurant expansion

BUYER: Jade Sarasota One LLC (principal: David Koch), Rockford, Ill.
SELLER: University Groves Development LLC
PROPERTY: 2605 University Parkway, Sarasota
PRICE: $960,000
LAW FIRM ON DEED: Icard Merrill Cullis Timm Furen & Ginsburg PA, Sarasota

PLANS, DESCRIPTION: The Koch family of Rockford, Ill., purchased land east of U.S. 301 in University Groves for $960,000.

The buyers are developing a 4,446-square-foot new Culver's restaurant on the site. The building will feature 100 seats and an outdoor patio. The new restaurant, which is being built by McCON Building Corp. of Highland, Wis., will employ between 50 and 60 people.