Benderson Development has added Crossings at Siesta Key (formerly known as Westfield Siesta Key) to its portfolio. The University Park, FL-based real estate development company today announced the purchase of the 439,958-square-foot partially enclosed regional mall located at 3501 S. Tamiami Trail in the coastal community of Sarasota, Florida.
The mall is anchored by Macy’s and a seven-screen CMX CinéBistro. Other high-quality tenants include Connors Steak & Seafood, Talbots, LensCrafters, Loft, Chico’s, Cali Day Spa and Art Avenue.
The mall is situated on 26.97 acres on the intersection of Tamiami Trail (US 41) and Bee Ridge Road. The highly central location is just minutes from Downtown Sarasota, Siesta Key, Lido Beach and St. Armands Circle.
“The mall complements our local holdings and we look forward to the future of this important asset,” said Shaun Benderson of Benderson Development.
Benderson Development is known for transforming underperforming properties into thriving destinations that serve the needs and wants of the community.
Benderson Development has been aggressively growing its portfolio over the last few years. Noteworthy recent acquisitions include a 4.5 million-square-foot portfolio of 28 Fred Meyer superstores located throughout the Pacific Northwest and Alaska; the Whole Foods in Alexandria, VA; the Thrivent Financial headquarters in Minneapolis, MN; an interest in Duke Energy’s Metro Tower in Charlotte, NC; and ground leases under the Hampton Inn Manhattan/Times Square Central, The Highland Dallas, Curio Collection by Hilton, Willard Towers in Washington, DC and The Plaza Santa Fe in Santa Fe, New Mexico.
Founded in 1949, Benderson Development is one of the nation’s largest privately held real estate companies. Its portfolio includes more than 800 properties totaling over 48 million square feet in 40 states. For more information, visit www.bendersondevelopment.com