Osprey sheds Sarasota County business park

Continuing a push to whittle down its portfolio amid squabbles between partners, Michigan-based Osprey SA Ltd. sold a 19-acre business park in North Sarasota County for $4 million.

The investment firm paid $4.2 million for the roughly 204,000-square-foot, flex Independence Business Center in 2009. The property, which is more than 50% vacant, was purchased by a Sarasota investment group after more than a year on the market. It was originally listed for sale at $10 million.

The property was developed in 1990 and renovated 13 years later.