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Ocean Properties to purchase Chart House property

The owner of the Resort at Longboat Key Club is expanding its holdings on Longboat Key. Ocean Properties Ltd. is under contract to buy real estate at 201 Gulf of Mexico Drive. The deal includes a building with several tenants, one of which is the Chart House Restaurant. The Delray Beach company expects to close on Oct. 8, according to Vice President Andy Berger. Ocean Properties has not announced plans for the property.

The property last sold to CORE/PMG Longboat LLC for $5.5 million in August 2004.

Ocean Properties, which bought Longboat Key Club last year, has an ownership share in the Sandpearl Resort in Clearwater Beach.

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