Starling Group entity buys, repositioning former Gemesis building

By Business Observer Staff
| 8:00 a.m. January 25, 2013
| 0 Free Articles Remaining!

Manatee-Sarasota

BUYER: 7040 LLC (principal: Fred Starling), Sarasota
SELLER: SITC Inc.
PROPERTY: 7040 Professional Parkway E., Sarasota
PRICE: $1.8 million
PREVIOUS PRICE: $515,300, March 2002
LAW FIRM ON DEED: Blalock Walters PA, Bradenton

PLANS, DESCRIPTION: Sarasota's The Starling Group purchased the 61,100-square-foot former Gemesis industrial building in Lakewood Ranch Corporate Park for $1.8 million.

The price equated to $29 per square foot.