Putting a good floor forward

BUYER: Goodwill Industries-Manasota Inc., Bradenton
SELLER: Goodman Family Limited Partnership
PROPERTY: 2150, 2220 and 2240 Whitfield Industrial Way, Sarasota
PRICE: $1.6 million
PREVIOUS PRICE: $3.6 million , August 2005
LAW FIRM ON DEED: Blalock Walters PA, Bradenton

Goodwill Industries-Manasota Inc. was looking for a building to expand its logistics and recycling operations to 30,000 square feet or maybe a little more. Instead, it ended up buying the nearly 80,680-square-foot former Teltronics manufacturing facility for $1.6 million. This sudden space windfall primarily came down to the property's problematic second floor.

The 4.8-acre site, which contains a two-story, 73,180-square-foot main manufacturing building and a 7,500 square-foot out-building, has sat vacant since 2009, when the technology manufacturer relocated to Palmetto. Ian Black of Ian Black Real Estate, who took over the listing roughly 2.5 years ago, says his team knew early on that it had to market the property beyond the manufacturing industry.