Matter Brothers Furniture converting former manufacturing plant

BUYER: Matter Brothers Real Estate LC (principals: John, Gary Stewart and Thomas Matter), Tarpon Springs
SELLER: Parker-Hannifin Foundation
PROPERTY: 4675 Clark Road, Sarasota
PRICE: $4.1 million
PREVIOUS PRICE: $5.52 million, December 2000
LAW FIRM ON DEED: Parker-Hannifin Corp., Cleveland

PLANS, DESCRIPTION: Fort Myers-based Matter Brothers Furniture purchased a 107,033-square-foot former Dana Corp. hydraulics manufacturing facility for $4.1 million.

The price equated to $38 per square foot. That figure is less than the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.