Gateway Professional Centre sells for $45.2 million

Price represents a 22% appreciation in four years


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  • | 6:00 a.m. September 20, 2019
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COURTESY PHOTO — Taurus Investment Holdings has purchased the four-building Gateway Professional Centre in Sarasota for $45.2 million.
COURTESY PHOTO — Taurus Investment Holdings has purchased the four-building Gateway Professional Centre in Sarasota for $45.2 million.
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TerraCap Management LLC has sold the four-building, Gateway Professional Centre office complex in Sarasota for $45.2 million, a 22% gain from the amount the Bonita Springs investment firm paid in May 2015.

The 246,941-square-foot complex, at 301-551 N. Cattlemen Road near Interstate 75, was purchased by Boston-based Taurus Investment Holdings — the second time the 20-year-old collection of three-story buildings has been purchased by a firm from the New England city.

 

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