Downtown Sarasota office owner seeks $12M for one floor

The owner of the top floor of office space in the Plaza at Five Points building in downtown Sarasota is hoping to sell the space for nearly $12 million.

At that amount — $359.61 per square foot — the 50 Central Ave. office space would be among the most expensive in the Sarasota market. Comparable Class A office space has sold in the $250 per square foot to $270 per square foot range over the past year, property records show.

Jamatt Properties LLC, a company controlled by U.S. Rep. Vern Buchanan, R-Longboat Key, and Sandra Buchanan, has retained commercial real estate brokerage firm Ian Black Real Estate to market the ninth floor of the building for sale or lease, according to information from real estate research firm CoStar Group.