LA's Tavaco Properties buys lender-owned Park at Bay Plaza

BUYER: Tampa Adamo LLC (principal: Andrew Tavakoli), Los Angeles
SELLER: BACM 2007-4 Bay Complex LLC
PROPERTY: 9225 and 9260 Bay Plaza Blvd., Tampa
PRICE: $5.99 million
PREVIOUS PRICE: $9.4 million, June 2005
LAW FIRM ON DEED: Blizin Sumberg Baena Price & Axelrod LLP, Miami

PLANS, DESCRIPTION:
Los Angeles-based Tavaco Properties LLC purchased the 157,310-square-foot Park at Bay Plaza office park for $5.99 million.

The price equated to $38 per square foot. That figure is lower than the two-year average price per square foot for office space ($118) in the Tampa Bay area, according to the CoStar Group.