Sarasota CityCenter

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SARASOTA, FL—Chicago-based NXT Capital announced on Tuesday thatit closed a loan to finance the acquisition of Sarasota CityCenter, a 13-story, 248,000-square-foot, Class A- office buildinglocated here.

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Tampa-based Feldman Equities announced earlier in March that ithad acquired the property from The Dilweg Company of Durham, N.C.Dilweg acquired the building in 2017. Major tenants include Boar'sHead, Wells Fargo, Merrill Lynch and UBS.

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GlobeSt.com was unable to reach NXT Capital for additionalcomment.

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The building is currently 80% occupied. Feldman planssignificant renovations to the lobby, common areas and vacantsuites.

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Sarasota City Center is located on the east side of the Sarasotacentral business district with Sarasota Bay less than one mile tothe west. Interstate 75 is approximately five miles east,Sarasota-Bradenton Airport is five miles north and TampaInternational Airport is 56 miles north of the property. Propertyamenities include an onsite café, full-service bank, fitnesscenter, atrium style lobby, tenant lounge, conference room, hairsalon and spa, landscaped courtyard with tables and chairs, shoerepair and views of Sarasota Bay and Downtown Sarasota from theupper floors.

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Bryan Clark of Jones Lang LaSalle Americas Inc in San Diegoplaced the loan with NXT Capital.

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