Gateway Professional Center sells for $37 million - Summer 2015

In one of the largest office complex sales in recent Sarasota County history, TerraCap Management in May acquired the four-building Gateway Professional Center for $37.129 million. Harshman & Co. was proud to leverage its market knowledge and expertise to help facilitate the purchase of the 247,500-square-foot center, a one of a kind asset strategically located at Fruitville Road and Interstate 75. In fact, Gateway was not on the market for sale at the time, but we recognized the unique opportunity it represented for TerraCap, a long-term investor that is expected to benefit from Sarasota’s upward market trajectory.