Prime downtown Sarasota property sold to prominent local developers

A pair of Sarasota developers and investors have bought the former headquarters of Michael Saunders & Co. in downtown Sarasota, paying $5.7 million for the nearly one-acre parcel.

The buyers were Jebco Ventures and the Kauffman Family Partnership, according to a statement from Michael Saunders & Co.

The property is at 1801 Main St. and 32 and 40 N. Osprey Ave. along the main downtown commercial corridor. It is in between two major projects — One Main Plaza at 1991 Main St. and Sota at 1703 Main St. — that are bringing major density to the area, including hundreds of new residential units and hotel rooms as well as thousands of square feet of new commercial space.