Savlan Capital Acquires Office Building Near Tampa for $15M

BRADENTON, FLA. — Savlan Capital has acquired Bradenton Financial Center, a 116,839-square-foot office building in Bradenton, for $15 million or $127.95 per square foot. Bradenton Financial Center was built in 1986 at 1401 W. Manatee Ave., 45 miles south of downtown Tampa. BFC Bradenton LLC sold the building, which was 90 percent leased at the time of sale to tenants including Mauldin Jenkins, Workforce Business Services, Fisher-Rosemount Systems, Bank of America, Merrill Lynch and Morgan Stanley. Amenities include a Sage Biscuit Café on the ground level and an adjacent five-story parking garage that is accessible via a covered-walkway from the main building. Savlan Capital plans to invest significant funds into the property for exterior renovations and common-area improvements. Savlan Capital has retained Debra Cooper and Angela Varga of SVN Commercial Advisory Group as leasing agents for Bradenton Financial Center. Rick Brugge, Mike Davis and Rick Colon of Cushman & Wakefield represented both seller and buyer in the transaction.