Florida TS1 LLC, a franchisee of Town Square, will bring the concept’s first Florida location to Sarasota, having signed an 11,120-square-foot lease in the Oaks Plaza shopping center at 3880 Central Sarasota Parkway. Expected to open this summer, Town Square Palmer Ranch will be a 1950s-themed day center for seniors with Alzheimer’s and dementia, with a diner, library, pub, city hall, health club and more. George Brusco of Ian Black Real Estate represented the landlord, BLDG Sarasota, LLC, and Bacael Sarasota, LLC, in the lease transaction. Gina Giuggio of Newmark represented the tenant.
Currently, Town Square concepts are open in Perry Hall, Maryland, and San Diego, Calif., with other locations expected to open soon in six other cities across the country. Construction on Town Square Palmer Ranch will begin in January.