Centre Shops of Longboat Key sells for nearly $4 million

BUYER: FH Centre Shoppes LLC (manager: Eric Howell), Sarasota
SELLER: Centre Shops of L.K. Ltd.
PROPERTY: 5340, 5350, 5360, 5370, 5380 and 5390 Gulf of Mexico Drive, Longboat Key
PRICE: $3.7 million
PREVIOUS PRICE: $2.8 million, January 1998
LAW FIRM ON DEED: Greene Hamrick Quinlan & Schermer PA, Bradenton

PLANS, DESCRIPTION:
A company led by Eric Howell, president of Bradenton-based Lancaster Realty Inc., purchased the 37,880-square-foot Centre Shops of Longboat Key for $3.7 million.

The price equated to $98 per square foot. That figure is lower than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.