Sarasota City Center building sells for $36.5M

A Durham, North Carolina-based firm has acquired the 13-story Sarasota City Center office tower downtown for $36.5 million, the third major office sale in the city's core in the past year.

The Dilweg Cos. is planning to inject $4 million to enhance the 245,293-square-foot building's fitness center, hallways, lobby, bathrooms and courtyard in the wake of its purchase, officials say.

Dilweg also intends to create a conference facility and a tenant social space inside the 1819 Main St. building.