Atlanta's BDB Capital buys Kimco's Southeast Plaza

By Business Observer Staff
| 10:00 a.m. February 6, 2015
| 0 Free Articles Remaining!

Manatee-Sarasota

BUYER: BDB Southeast Plaza LLC, Atlanta
SELLER: Kimco Development of McIntosh Sarasota Inc.
PROPERTY: 4354 Bee Ridge Road, Sarasota
PRICE: $14.3 million
PREVIOUS PRICE: $6.4 million, August 1989

PLANS, DESCRIPTION:
BDB Capital, an Atlanta real estate acquisition firm, purchased the 129,700-square-foot Southeast Plaza for $14.3 million.

The price equated to $111 per square foot. That figure is less than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.