Paragon Realty Sells Sarasota Main Plaza for $18.1 Million

Sarasota, Fla. — Paragon Realty Group has sold Sarasota Main Plaza, a 254,677-square-foot mixed-use retail center for $18.1 million.

Patrick Berman and Jason Donald of Cushman & Wakefield represented the seller, Paragon, and Steve Horn of Ian Black Real Estate represented the buyer, a joint venture of Baird Inc., JMB Parent LLC and GPS Industries LLC, in the transaction. The two-story center is home to tenants including Regal Cinemas, the Florida Department of Revenue, Sarasota Family YMCA, Seaside National Bank and Sarasota County municipal offices.