BPE Holdings LWR, LLC has purchased a multi-tenant office building in Lakewood Ranch for $3.5 million. The two-story, 20,090-square-foot property is located at 8433 Enterprise Circle.
Nick DeVito II, SIOR, and Joanna Ginder of Ian Black Real Estate represented the buyer. Ian Black, CCIM, Steve Horn, CCIM, and Melissa Harris of Ian Black Real Estate represented the seller, University Professional Center.
BPE Holdings LWR, LLC is an ownership group headed by Evan Berlin, partner at real estate law firm Berlin Patten Ebling. The law firm is relocating from its current office on Main Street in Lakewood Ranch to 4,523 square feet of leased space at 8433 Enterprise Circle. The move is expected to take place in March.
“Berlin Patten Ebling is rapidly expanding its presence in Lakewood Ranch and was initially planning to lease a space in the building that was being vacated by a tenant,” said DeVito, partner at Ian Black Real Estate. “But purchasing this building was a great opportunity for an investor, and an investment group directed by Evan Berlin decided to seize it.”
The property, which will be 100 percent occupied when the law firm moves in, is located minutes from the I-75 University Pkwy. interchange off Town Center Pkwy.
“This is a centralized location in Lakewood Ranch that’s accessible for the whole Sarasota market,” said Melissa Harris, sales associate at Ian Black Real Estate. “For a real estate law firm serving both counties – and with the new Waterside community coming in nearby – this is a great spot for Berlin Patten Ebling’s office.”
Current tenants at 8433 Enterprise Circle include M/I Homes, Gulf Coast Builders Exchange and the Silverstein Institute.
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.
SIOR is the leading global professional office and industrial real estate organization that certifies commercial real estate service providers with the exclusive SIOR designation, based on achievement, knowledge, accountability and ethical standards. Only the industry’s top professionals qualify for SIOR. Today, there are more than 3,200 members in 685 cities and 36 countries. For more information, visit www.sior.com.