High-end spa enters decade long, $1.58 million deal at busy downtown Sarasota intersection.
Sarasota, Fla. (January 23, 2024) – Diane Lawson, CCIM and Ryan Edwards with SVN | Commercial Advisory Group have helped close a 10-year lease deal for the spacious ground floor of a downtown Sarasota retail building located at 1999 Ringling Blvd, Sarasota, FL. Situated at the bustling intersection of Ringling Boulevard, Washington Boulevard, and Main Street, directly across from the courthouse at the entrance to the downtown area, the location marks a strategic spot for a Woodhouse Spa franchise.
Lawson and Edwards represented the landlord in the $1.58 million transaction. The advisors worked in concert with Daniela Kaskey of Michael Saunders & Co., who represented Woodhouse Spa.
A provider of luxurious spa experiences with a nationwide presence, Woodhouse Spa has a footprint across the United States that already includes three locations in Florida: Naples, St. Petersburg, and Orlando. Services at the spa include massages, facials, and body treatments.
Encompassing 6,330 square feet, the newly leased space ensures not only ample space but also exceptional visibility, benefitting from a well-lit intersection and pedestrian friendly environment. The location is poised to capture significant attention from the local community, given its proximity to such popular establishments as The Melting Pot, Pholicious, The Office Bar, and McCurdy’s Comedy Club.
“There are so many amenities in this area, and the traffic – both foot traffic and vehicles – should help provide this spa with a steady stream of customers,” said Lawson, CCIM, a Senior Advisor for SVN | Commercial Advisory Group based in Sarasota. “It’s just a perfect spot for a business like this and we expect it to thrive here.”
Woodhouse Spa will tailor the space to its needs: The interior of the building was fully demolished to facilitate the build-out process. The $1.58 million lease underscores the business’s commitment to delivering a top-notch spa experience in a location that alights with the brand’s high standards.
Edwards, an Associate Advisor for SVN | Commercial Advisory Group, expects the deal to benefit both the tenant and the surrounding community. “This business should attract a lot of locals and visitors alike,” he said. “Being at such a prominent and accessible intersection will help make this spa a focal point in the area. This latest lease deal will add to Sarasota’s reputation as a hub for businesses seeking profitable locations.”
Diane Lawson, CCIM