A 1.59-acre Sarasota restaurant site has sold. The recently closed Denny’s at 3701 Bee Ridge Road changed hands this week for $4.25 million, according to Brian Seidel and Tyler Sluman of American Property Group, who brokered the deal.
The seller is Julian Parry. The buyer in the off-market sale is Rich Global, an investment and development company in West Palm Beach, led by investor Nathan Rich.
Denny’s last operated on Bee Ridge Road on Aug. 2, and the sale closed Aug. 4, according to Sluman, who estimates he has collaborated with Rich on $40 million to $50 million in deals over the last four years. He describes Rich as a “deal maker” who is “involved in everything.”…