Jewish Family and Children's Service buys Ringling's Rivo building

BUYER: Jewish Family and Children's Service of Sarasota-Manatee Inc. (principals: Rich Segall, Kathy Killion, Larry Eger, Marie Monsky, Karin Grablin, Gerri Aaron and Rose Chapman), Sarasota
SELLER: Conforto Ringling LLC
PROPERTY: 1753 Ringling Blvd., Sarasota
PRICE: $1.38 million
PREVIOUS PRICE: $1.63 million, November 2008
LAW FIRM ON DEED: Henry P. Trawick PA, Sarasota

PLANS, DESCRIPTION: The Jewish Family and Children's Service of Sarasota-Manatee Inc. purchased a 7,603-square-foot office building in downtown Sarasota for $1.38 million.

The price equated to $181 per square foot. That figure is higher than the two-year average price per square foot for office space ($115) in the Tampa Bay area, according to the CoStar Group.