Feldman, Tower, Second City pay $29M for First Central Tower

BUYER: First Central Tower, Vancouver, British Columbia
SELLER: Osprey S.P. Properties LLC
PROPERTY: 360 Central Ave., St. Petersburg
PRICE: $29.15 million
PREVIOUS PRICE: $17.45 million, December 2001
LAW FIRM ON DEED: Norton Hammersley Lopez & Skokos PA, Sarasota

PLANS, DESCRIPTION:
A joint venture of Feldman Equities LLC in St. Petersburg, Orlando-based Tower Realty Partners and Vancouver's Second City Real Estate purchased the 17-story First Central Tower and adjacent parking garage in downtown St. Petersburg for $29.15 million.

The price equated to $118 per square foot for the office space. That figure is in line with the two-year average price per square foot for office space ($118) in the Tampa Bay area, according to the CoStar Group.