Benderson Development makes second St. Armands acquisition

For the second time in the past four months, an affiliate of Manatee County-based Benderson Development Co. has acquired a prominent retail and office property in the famed St. Armands Circle shopping district of Sarasota.

400 SAC LLC, an entity operated by Benderson General Counsel David Baldauf, Benderson executive Shaun Benderson and Stephen Scalione, the company’s Executive Director of Finance and Operations, acquired the 400-420 St. Armands Circle property for $6.95 million, Sarasota County property records indicate.