Vanguard Cos. affiliate buys ranch's Tire Choice

BUYER: Frantine Commercial Real Estate LLC (33.49% interest), Park and Shop Inc. (36.86%) and Briarwood Group LLC (29.65%), Sarasota
SELLER: Amprop Development Ventures LLC
PROPERTY: 5720 Ranch Lake Blvd., Bradenton
PRICE: $2.93 million
PREVIOUS PRICE: $750,000, May 2012
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota

PLANS, DESCRIPTION:
Three investment firms led by Kony Properties, an affiliate of Sarasota's Vanguard Cos., purchased a 5,226-square-foot retail/automotive service building for $2.93 million.

The price equated to $568 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.