University Park investor buys It Works S.R. 64 office building

BUYER: CMA II Realty LLC (Alan Kesten), University Park
SELLER: McDuke Family Partnership
PROPERTY: 5325 E. SR 64, Bradenton
PRICE: $4.48 million

PLANS, DESCRIPTION: Real estate investor Alan Kesten of University Park purchased a 17,000-square-foot office building for $4.48 million.

The price equated to $263 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.