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.”