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Sarasota Herald Tribune Inside Real Estate – March 2013 – 

Bowden -  Mediteriania

SLS Holdings IV LLC, a Sarasota company managed by Sam M. Sciturro, purchased 26 office condo units in the Mediterranean Professional Park off Tamiami Trail in Osprey out of foreclosure from First America Bank for $3.2 million.  SLS financed the purchase with a $2.2 million loan from the same bank.

The office condos at 674 S Tamiami Trail total 31,500 square feet and were built in 2009 by Osprey Business Park LLC, a Sarasota company managed by David and Devon Shepherd.  Osprey Business Park paid $2.995 million for the land in July 2006 and borrowed $3.5 million that it defaulted on in January 2012.  Bernard Russell with Sandals Realty represented the Buyer while Gail Bowden and Bruce Dilges with SVN Commercial Advisory Group represented the Seller.