Taurus Investment buys Sarasota office complex for $45.2m

Taurus Investment buys Sarasota office complex for $45.2m

Published at: 2019-09-06 16:35 | Author: CIJ USA
Taurus Investment Holdings has paid $45.2 million for a Class A office complex in Sarasota, Florida. The Gateway Professional Center encompasses four buildings located on N Cattlemen Road. Currently 91 percent leased, the 246,941 sqf of office space is leased to a mix of accounting, insurance, engineering and technology companies. The buildings offer adjacent restaurants, a fitness center, conference center along with parking for more than 1,150 vehicles. JLL represented the seller, TerraCap Management LLC, and procured the buyer.

“Gateway Professional Center is a fully amenitized, institutional quality asset in Sarasota, a high-demographic rapidly growing market, which attracted numerous bids from national investors,” said Senior Director Ike Ojala, JLL. “The I-75 location provides exceptional accessibility throughout the region and active residential, hotel and retail development in the surrounding area is further adding to the strong amenity base”

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