Meridian Development Group redeveloping 41 Industrial Center

BUYER: Meridian East LLC, Clearwater
SELLER: 41 Industrial Center Limited Partnership
PROPERTY: 5100 Causeway Blvd., Tampa
PRICE: $5 million
PREVIOUS PRICE: $2 million, November 1995
TITLE FIRM ON DEED: Fidelity National Title of Florida Inc., Clearwater

PLANS, DESCRIPTION: Clearwater real estate firm Meridian Development Group purchased the 196,636-square-foot, three-building 41 Industrial Center for $5 million.

The price equated to $25 per square foot. That figure is lower than the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.