Italians buy historic Pineapple building, plan new retail store

BUYER: Zini LLC (manager: Maria Borri Zini), Sarasota
SELLER: 127 Pineapple LLC
PROPERTY: 127 S. Pineapple Ave., Sarasota
PRICE: $875,000
PREVIOUS PRICE: $500,000, December 2010
LAW FIRM ON DEED: Dunlap & Moran PA, Sarasota

PLANS, DESCRIPTION:
Buyers from Italy purchased a 2,324-square-foot historic retail building for $875,000.

The price equated to $377 per square foot. That figure is higher than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.