$10M financing package includes Stickney Point Plaza

A more than $10 million financing package that recently closed involved three Florida commercial real estate loans, one of which was for Stickney Point Plaza in Sarasota.

Largo Capital Principal and General Counsel Kevin Coscia assembled the package, in which the newly built retail center in the 6300 block of South Tamiami Trail received a 10-year, fixed-rate loan with a 25-year amortization schedule, according to a statement.

Stickney Point Plaza, located near the Stickney Point Road intersection, spans 20,377 square feet of retail space. According to a statement, it is nearing full occupancy. Tenants include Jet’s Pizza, Florida EBikes, Dentists of Stickney Point and the not-yet-open Capriotti’s Sandwich Shop.