Saudi billionaire’s son buys two area retail stores for $15.5 million

Ibrahim Al-Rashid calls the St. Armands Circle stores ‘trophy properties.’

  • By Business Observer Staff
  • | 10:08 a.m. September 29, 2020
Courtesy. Miami-based Limestone Asset Management, an affiliate of Orion Real Estate Group, recently bought 362 St. Armands Circle and 371 St. Armands Circle.
Courtesy. Miami-based Limestone Asset Management, an affiliate of Orion Real Estate Group, recently bought 362 St. Armands Circle and 371 St. Armands Circle.
  • Manatee-Sarasota
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SARASOTA — A joint venture from Miami led by South Florida businessman and philanthropist Ibrahim Al-Rashid — the son of Saudi billionaire Dr. Nasser Ibrahim Al-Rashid — has purchased a pair of retail properties on St. Armands Circle.

 

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