The Kodra Professional Center, a downtown Sarasota office building with a history spanning more than 50 years, has recently changed ownership. Hollywood Moon Development, a South Florida investment firm, purchased the property for $5.5 million. Located at 777 S. Palm Ave., the building is positioned directly across the street from Marie Selby Botanical Gardens and boasts stunning views of Sarasota Bay.

The 56-year-old Kodra Professional Center encompasses 11,825 square feet of space and underwent significant renovations in 2004. Details about Hollywood Moon Development and its plans for the Kodra Professional Center are scarce. The firm, an LLC based in Miami, appears to have limited online presence. Information from SVN indicates the company has a website aimed at garnering support for a substantial condo development on a beach, but the exact location of this property remains unspecified.