Cardinal Point Management, Halstatt buy Carillon Park's Echelon Pointe

BUYER: Carillon Holdings LLC (principals: Rufus Williams IV and Gregory Williams), St. Petersburg
SELLER: Carillon Pointe LLC
PROPERTY: 970 Lake Carillon Drive, St. Petersburg
PRICE: $21.25 million
PREVIOUS PRICE: $1.46 million, December 2002
LAW FIRM ON DEED: Hill Ward Henderson, Tampa

PLANS, DESCRIPTION: A joint venture of Cardinal Point Management LLC and Halstatt Real Estate Partners has purchased its fourth office building in Carillon Park. The partnership acquired the 123,639-square-foot Echelon Pointe building in St. Petersburg for $21.25 million.

The price equated to $172 per square foot. That figure is higher than the two-year average price per square foot for office space ($115) in the Tampa Bay area, according to the CoStar Group.