Sarasota, FL – October 31, 2011 – (RealEstateRama) — The Sarasota-based law firm of Kirk-Pinkerton, P.A. signed a new lease at the M&I Bank Building in Sarasota for 10,104 square feet, comprising the full sixth floor. CBRE Associate Kimberly Rogers and Senior Associate Michael Fisher represented the landlord and building owner, iStar Financial in the new lease transaction. Ian Black of Ian Black Realty provided representation to Kirk-Pinkerton.
“This is our first new tenant since phase one renovations were completed in second,” said Rogers. “It represents a tipping point in the position of the building in the market as one of the most desirable buildings in downtown Sarasota. An additional $400,000 in renovations will be completed this year.”
The M&I Bank Building had undergone complete renovations of its common areas, upgraded security and revitalized the grounds. To date, iStar has invested more than $1.3 million into renovating the 11-story building, located at the corner of South Pineapple Avenue and Ringling Boulevard.
The lease with Kirk-Pinkerton brings the 128,389-square-foot office building to more than 76% occupancy.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Contact:
Elizabeth Cross
Marketing Director, FL
305.428.6373
elizabeth.cross (at) cbre (dot) com
Lauren Crawford
Communications & Media Manager, FL
813.273.8482
lauren.crawford (at) cbre (dot) com
