Biter buys Marcia Wood building, final piece for apartment development

BUYER: Biter Building LLC (Jesse M. Biter Revocable Trust), Sarasota
SELLER: CRA Holding LLC
PROPERTY: 1401 Second St., Sarasota
PRICE: $850,000
PREVIOUS PRICE: $327,000, March 2002
LAW FIRM ON DEED: Berlin-Patten PLLC

PLANS, DESCRIPTION: Developer/entrepreneur Jesse Biter purchased the 5,484-square-foot Marcia Wood & Co. building at 1401 Second St., Sarasota for $850,000.

The price equated to $155 per square foot. That figure is greater than the two-year average price per square foot for office space ($115) in the Tampa Bay area, according to the CoStar Group.