Sarasota's PPi Technologies to relocate to larger building

BUYER: Smartresource LLC (principals: C. Stuart Murray and Sandra-Leigh Christensen), Sarasota
SELLER: Systemair MFG Inc.
PROPERTY: 1712 Northgate Blvd., Sarasota
PRICE: $3.75 million
PREVIOUS PRICE: $205,000, April 1989
LAW FIRM ON DEED: Najmy Thompson PL, Bradenton

PLANS, DESCRIPTION: An affiliate of PPi Technologies purchased the 81,612-square-foot former System Air industrial building for $3.75 million.

The price equated to $46 per square foot. That figure is the same as the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.