Sarasota County has purchased an office building at 6010 Cattleridge Blvd. in Sarasota for $15.96 million. The Ibis Group sold the three-story, 70,304-square-foot property to the County for its new administrative headquarters for the Sheriff’s Office.
Ian Black, CCIM, Steve Horn, CCIM, Nick DeVito and Melissa Harris of Ian Black Real Estate represented the seller in the transaction.
Ian Black Real Estate’s involvement in the sale comes as part of Ibis Group’s recently hiring the firm to oversee leasing of several Sarasota office buildings, one of which was the property on Cattleman Blvd.
“As we were chatting about taking over the leasing of several Ibis buildings, we became aware that Sarasota County was looking for a large space,” said Ian Black, partner at Ian Black Real Estate. “We knew that the current user was planning to vacate the Cattleridge building, and instead of leasing, the County wanted to buy.”
County officials indicated buying the building would save residents roughly $35 million, which was the difference in the amount that developing new, similarly sized and outfitted space would cost.
About Ian Black Real Estate
Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.