Atlanta real estate firm Carter buys one of two Biter development parcels

BUYER: NIC Sarasota LLC (Carter Acquisitions), Atlanta
SELLER: Biter Building LLC
PROPERTY: 1445 Second St., Sarasota
PRICE: $3.04 million
PREVIOUS PRICE: $2.8 million, June 2013
LAW FIRM ON DEED: Berlin Patten Ebling PLLC, Sarasota

PLANS, DESCRIPTION:
Sarasota property owner and entrepreneur Jesse Biter has sold one of the two parcels he purchased for a proposed downtown apartment development. Atlanta-based real estate investment, development, and advisory firm Carter purchased the 13,881-square-foot former United Way Building for $3.04 million.

The price equated to $219 per square foot. That figure is higher than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.