JLL closes $6.35M sale of suburban Sarasota office building
The property is in the country’s second highest-selling master-planned community
ORLANDO, September 18, 2019 – JLL announced today that it has closed the $6.35 million sale of Energy Court Center at Lakewood Ranch, a 26,552-square-foot, best-in-class suburban office building in the Sarasota community of Lakewood Ranch, Florida.
JLL represented the seller, AHL 511, LLC. Naples Crown Realty, LLC, based out of New York, purchased the asset.
Energy Court Center at Lakewood Ranch is located at 5391 Lakewood Ranch Boulevard on the east side of Interstate 75 approximately six miles northeast of downtown Sarasota. The property is in Lakewood Ranch, the nation’s second highest-selling master planned community in 2018. The building is approximately two miles from Florida’s first Diverging Diamond Interchange (DDI) on University Parkway, which was recently completed and will improve traffic flow and provide excellent access to the property. Completed in 2008, Energy Court Center at Lakewood Ranch’s three stories are fully leased to a variety of tenants in the realty, investment management, architecture and construction sectors.
The JLL Capital Markets team representing the seller was led by Senior Director Robbie McEwan and Associate Ryan Stoffer.
“Lakewood Ranch continues to attract national and global investors as the second-best selling master planned community in the nation,” McEwan said. “We were pleased to be able to reach a record-setting $239 per square foot disposition price for our client through a strategic national and global marketing effort.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com