Matter Brothers Furniture entering Sarasota

SARASOTA — Fort Myers-based Matter Brothers Furniture purchased a former Dana Corp. hydraulics manufacturing facility in Sarasota for $4.1 million. The 107,033-square-foot industrial building is located at 4675 Clark Road, Sarasota.

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.

Matter Brothers Furniture plans to convert the interior and exterior of the building into a 100,000-square-foot furniture showroom over the next seven months. The renovations are budgeted at $4 million. Bandes Construction Co. Inc. of Dunedin is the general contractor for the property renovations.