Meridian Development Grp Sells Sarasota Distribution Center
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Meridian Development Group sold the Meridian Distribution Center at 6100 McIntosh Rd. in Sarasota, FL for $ 52.5 million, or about $ 58 per square foot, to Agellan Commercial REIT. The 907,237-square-foot distribution facility was constructed in 1982 and renovated in 1993. At the time of the sale the asset was 100 percent occupied by multiple tenants including United Natural Foods, Beall’s, Access USA Shipping, Meridian Cold Storage and ASO, Inc…
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