DeSota could garner $80 million in sale

Deal could set a record in Sarasota market for a multifamily rental transaction

  • By Kevin McQuaid
  • | 6:00 a.m. December 14, 2018
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Atlanta-based Carter has retained Cushman & Wakefield to market its 10-story DeSota apartments in downtown Sarasota for sale.
COURTESY PHOTO — Atlanta-based Carter has retained Cushman & Wakefield to market its 10-story DeSota apartments in downtown Sarasota for sale.
  • Commercial Real Estate
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The DeSota apartment tower in downtown Sarasota is likely to fetch more than $80 million if it sells early next year.

If that estimate from commercial real estate brokerage Cushman & Wakefield reaches fruition, the 10-story project’s deal would become the largest multifamily rental transaction in Sarasota history.

 

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