Feldman Equities Secures Acquisition Loan for Sarasota City Center

SARASOTA, FL—Chicago-based NXT Capital announced on Tuesday that it closed a loan to finance the acquisition of Sarasota City Center, a 13-story, 248,000-square-foot, Class A- office building located here.

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

GlobeSt.com was unable to reach NXT Capital for additional comment.

The building is currently 80% occupied. Feldman plans significant renovations to the lobby, common areas and vacant suites.

Sarasota City Center is located on the east side of the Sarasota central business district with Sarasota Bay less than one mile to the west. Interstate 75 is approximately five miles east, Sarasota-Bradenton Airport is five miles north and Tampa International Airport is 56 miles north of the property. Property amenities include an onsite café, full-service bank, fitness center, atrium style lobby, tenant lounge, conference room, hair salon and spa, landscaped courtyard with tables and chairs, shoe repair and views of Sarasota Bay and Downtown Sarasota from the upper floors.

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