Sarasota investor Lesser buys Palmetto retail buildings

BUYER: Palmetto 737 LLC (manager: Robert Lesser), Sarasota
SELLER: Treasure Cove Development Corp.
PROPERTY: 705, 707, 709, 713, 721, 731, 733, 735 and 737 W. Eighth Ave., Palmetto
PRICE: $2.35 million
PREVIOUS PRICE: $3 million, May 2005
LAW FIRM ON DEED: Law Offices of William G. Morris PA, Marco Island

PLANS, DESCRIPTION:
Robert Lesser of Sarasota purchased a 33,704-square-foot retail development for $2.35 million.

The price equated to $70 per square foot. That figure is lower than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.