Sarasota County buys $13.1M Lakewood Ranch office building

A well-known Lakewood Ranch office building has changed ownership. The Centauri Insurance property at 4081 Lakewood Ranch Blvd. N. has sold, according to commercial real estate broker Chris DiBitetto, whose brokerage Eres Companies represented the seller, Centauri Specialty Insurance Company. Sarasota County purchased the property for $13.1 million in a deal that closed Nov. 9, DiBitetto says in a text message to the Business Observer. The office building went on the market in January 2025 for an undisclosed price, the Business Observer previously reported. Constructed in 2017 and spanning 30,000 square feet, it was marketed as a potential corporate headquarters. At the end of August, Sarasota County commissioners voted unanimously to buy the property for $13.1 million to house its Public Utilities Administration Building, following an independent appraisal that came in at $13.2 million and a county staff appraisal that estimated the value at $13 million.

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