Posh Plum Furniture Consignment has signed a 9,576-square-foot lease at 4608 S. Tamiami Trail in Sarasota. The growing retailer plans to open a new location across the street from its existing location, which is about 2,000 square feet smaller, at the end of November.
Nick DeVito, II, SIOR, and Joanna Ginder of Ian Black Real Estate handled both sides of the transaction. The landlords are Marilou Stone, Phyllis R. Swerdlow and Arlene R. Ray.
“This is a great location for Posh Plum because it offers more square footage, more parking, better signage and closer proximity to Ashley Furniture,” said DeVito.
Posh Plum, which purchases and consigns high-end furniture, has four stores, located in Sarasota, Bonita Springs, Naples and Boca Raton. All showrooms feature an open concept where furniture and accessories are arranged by interior designers to best reflect the latest in home design trends.
“Posh Plum’s unique business model has given them a niche in the furniture business,” said Ginder. “And Sarasota’s growth and wealth provides a need for expanding their services, while many businesses are in a holding or downsizing mode.”
Renovations to the new location will include opening up the space for a showroom, building out an executive office and breakroom, upgrading flooring and signage, and interior and exterior paint.
G. Fried Flooring America, which previously occupied the space, relocated in January.