Clearwater's CoreRx buys former Silicone Technology plant

BUYER: TRW Properties LLC (principals: Willem Robberts and Ramachandran Thirucote), Menlo Park, Calif.
SELLER: Debbie Beaty as trustee
PROPERTY: 5777 Myerlake Circle, Clearwater
PRICE: $2.5 million
PREVIOUS PRICE: $1.63 million, April 2003
TITLE FIRM ON DEED: Fidelity National Title of Florida Inc., Clearwater

PLANS, DESCRIPTION: Contract pharmaceutical research and development company CoreRx Inc. purchased the 46,000-square-foot former Silicone Technologies manufacturing plant for $2.5 million.

The price equated to $54 per square foot. That figure is higher than the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.