Chicago investor buys second Sarasota complex — total investment in area tops $287 million

Real estate giant LaSalle Investment Management buys a second Sarasota apartment complex in as many months.

  • By Louis Llovio
  • | 10:06 a.m. May 11, 2022
  • | 0 Free Articles Remaining!
Bainbridge Palmoré, which opened in 2021, has been sold to a Chicago real estate investment firm. (Bainbridge Palmoré Facebook page)
Bainbridge Palmoré, which opened in 2021, has been sold to a Chicago real estate investment firm. (Bainbridge Palmoré Facebook page)
  • Manatee-Sarasota
  • Share

A Chicago real estate investment giant has bought another Sarasota apartment complex, paying nearly twice what the previous owner paid just more than a year ago.

The property is the 336-unit Bainbridge Palmoré on Cattleman Road. The buyer is LaSalle Investment Management.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • December 13, 2025
Report: Small business optimism up, but worries percolate
  • December 12, 2025
CEO of Bradenton EDC announces retirement
  • December 12, 2025
Manatee County to break ground on $40M veterans complex
  • December 12, 2025
Moez Limayem confirmed as USF’s new president

Sponsored Content