Capstone Management buys former Andersen building

An affiliate of Capstone Management LLC has added a third Sarasota office building to its portfolio by acquiring a former Arthur Andersen building for $23.5 million, according to property records.

Capstone's purchase of the Sarasota Commerce Center II building, at 101 Paramount Drive, marks the latest in a series of recent purchases of area Class A office properties, records show.

In February 2016, the company bought the 71,000-square-foot PNC Bank Building and a pair of adjacent lots in downtown Sarasota for $15.9 million.