Downtown theater sells property for over $9.5M

SARASOTA — The board of directors of Sarasota's The Players Centre for Performing Arts approved a contract to sell its current property.

The property is at 838 N. Tamiami Trail in downtown Sarasota.

Terms of the cash offer, released Jan. 16, are confidential, as is the identity of the buyer, pending an official closing. But according to a press release from The Players, the negotiated amount was higher than the property's listing price of $9.5 million.