MSC Commercial Announces Cobia Plaza 100% Leased

Business

MSC Commercial, a division of Michael Saunders and Company, has announced the successful leasing all of Cobia Bay Plaza, a retail and office space located off Fruitville Road in Sarasota. The newest tenants take up over 15,000 square feet of space, including Jack Dean Flooring, Burn Boot Camp, AltMed LLC, and CreateU D-I-Y Workshop. They join existing tenants Jet’s Pizza, Sleep Number, and the UPS Store. Built in 2011, Cobia Bay Plaza is in close proximity to shopping centers currently anchored by Target and Publix. While it sits in the heart of a strong retail zone, the retail-style exterior coupled with the more industrial feel of the building’s interior had posed a challenge for traditional tenants.  More than 50 percent of the space had been vacant for some time. According the MSC Commercial quarterly market report, retail space in Sarasota and Manatee counties remains in high demand, partly due to growth in the number of year-round residents. Rents continue to rise and residential sales are fueling retailer success.

Michael Saunders & Company

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