Institutional buyer purchases Sarasota shops

Deal marks first regional investment for New York Life affiliate

  • By Kevin McQuaid
  • | 6:00 a.m. March 8, 2019
COURTESY PHOTO — New York Life Insurance Real Estate Investors spent $24.6 million to acquire the Shoppes at Sarasota Row.
COURTESY PHOTO — New York Life Insurance Real Estate Investors spent $24.6 million to acquire the Shoppes at Sarasota Row.
  • Commercial Real Estate
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In a rare example of an institutional investor buying a commercial property in Sarasota, an affiliate of New York Life Real Estate Investors has acquired the Shoppes at Sarasota Row for $24.62 million.

 

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