Rick Brugge, Mike Davis and Rick Colon Represent Sound Capital in Disposition of Fully Leased Small-bay Industrial Park to The Silverman Group
TAMPA, December 5, 2025 – Cushman & Wakefield announced today that the firm represented New York-based Sound Capital and The Northwind Group in its disposition of Airport Commerce Center in Sarasota, Florida.
Cushman & Wakefield’s Rick Brugge, Mike Davis and Rick Colon represented Sound Capital in its transaction with The Silverman Group.
Located at 7602 15th St. East in Sarasota, Airport Commerce Center includes eight buildings totaling 186,675 square feet. The small-bay industrial park is fully leased to a diverse roster of 48 tenants.
Airport Commerce Center features high-quality construction with durable concrete masonry and steel framing, 16- to 20-foot clear heights and 74 grade-level doors, offering exceptional functionality. Suite sizes range from 1,177 to 12,283 square feet, providing maximum flexibility to accommodate a wide variety of tenant requirements, including warehouse, light manufacturing and showroom uses. This versatility supports strong tenant retention and allows existing occupants to expand within the park as occupancy requirements evolve.
Strategically located across from Sarasota-Bradenton International Airport, Airport Commerce Center is in the heart of the Sarasota Industrial market, which is 2.7% vacant. It enjoys excellent regional access via U.S, Highway 301 and Interstate 75, connecting it seamlessly to Florida’s Gulf Coast, including the Tampa Bay and Fort Myers markets. Sarasota is among the fastest-growing medium sized metros in the U.S., with a population increase of 14% from 2020 to 2024. Sarasota’s small-bay industrial market has posted 670,000 square feet of direct net absorption over the past five years, underscoring robust tenant demand as rental rates rose 81% over the same period.
“Airport Commerce Center offered investors the rare chance to acquire scale in a high-barrier-to-entry and high growth market at a significant discount to replacement cost,” said Rick Brugge, Cushman & Wakefield Vice Chair. “What’s more, its proven performance, consistent tenant demand and compelling upside through mark-to-market revenue growth further enhanced this opportunity.”
"The acquisition of this portfolio represents our continued growth of our industrial platform and increased appetite for shallow bay value-add product nationally," said Blake Silverman, President of The Silverman Group. "We continue to look for valued opportunities like the Airport Commerce Center.”