Eaton Corp. sells manufacturing building, business line to Safran

BUYER: Labinal LLC (principals: Alain Sauret, Jorge Ortega, Mark Melnick and Marc Pelle), Denton, Texas
SELLER: Eaton Aerospace LLC
PROPERTY: 2250 Whitfield Ave., Sarasota
PRICE: $4.15 million
PREVIOUS PRICE: $3.71 million, June 2000
LAW FIRM ON DEED: McDonald Hopkins LLC, West Palm Beach

PLANS, DESCRIPTION:
French aerospace and defense technology company Safran purchased a 134,221-square-foot manufacturing building from Eaton Corp. for $4.15 million.

The price equated to $31 per square foot. That figure is lower than the two-year average price per square foot for industrial space ($114) in the Tampa Bay area, according to the CoStar Group.