Wesley Chapel company buys Summit Medical Center

BUYER: Summit Medical LLC (principal: Pathmanath DeSilva), Wesley Chapel
SELLER: Wells Fargo Bank NA as trustee for Morgan Stanley Capital I Inc. Commercial Mortgage Pass-through Certificates Series 2007-IQ15
PROPERTY: 7455, 7457, 7459, 7463, 7509, 7515, 7537 and 7551 State Road 52, Hudson
PRICE: $2.1 million
PREVIOUS PRICE: $12.46 million, June 2007
LAW FIRM ON DEED: Bryan Sykes Esq., Tampa

PLANS, DESCRIPTION: A company led by Tampa-area entrepreneur Pathmanath DeSilva purchased the three-building Summit Medical Center for $2.1 million.

The price equated to $42 per square foot. That figure is less than the two-year average price per square foot for office space ($115) in the Tampa Bay area, according to the CoStar Group.