Feldman Equities Secures Acquisition Loan for Sarasota City Center

NXT Capital arranged the financing for the 248,000-square foot office building.

By John McCurry | March 25, 2020 at 09:22 AM

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.

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.

Continue Reading for Free

Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Office

Capital Markets

Southeast

1 Here Are the Markets Where New Multifamily Deliveries Should Decrease

2 The Factors Weighing Down Multifamily Rents and Profit Margins

3 Slight Uptick in Unemployment Could Spell Recession

4 These are the Most Affordable Rental Markets in the US

5 Will Fed Inaction Lead to More of the Same for CRE Investors?

GlobeSt. Multifamily Fall 2024
October 15, 2024 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Real Estate
GlobeSt. Healthcare Real Estate 2024
December 02, 2024 - Scottsdale

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!
More Information
Consulting
Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
More Information

Innovation Districts Winning Over Younger Generation Workers

By Anthony Russo | July 26, 2024

In-person work isn't dead.

Innovation Districts Winning Over Younger Generation Workers

Miami Brickell Office Scores $565M Loan

By Anthony Russo | July 25, 2024

It will pay off exiting debt.

US Office Sales Rose 22% In First Half of 2024

By Marynia Kruk | July 25, 2024

However delayed monetary easing continued to drive distress.

US Office Sales Rose 22% In First Half of 2024

Migration Hotspots in a Cool 2024 Market link

White Paper

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Instant Insights /