Teknia Networks expanding to St. Pete Lock Up building

BUYER: St. Pete 18th Street Warehouse LLC (principals: Joseph Caruso, Esq., John Monsalve, Jack Lobianco and Charles Maimone Jr.), St. Petersburg
SELLER: Lock Up St. Petersburg LLC
PROPERTY: 155 17th St. S., St. Petersburg
PRICE: $1.25 million

PLANS, DESCRIPTION: St. Pete 18th Street Warehouse LLC purchased the 50,000-square-foot Lock Up industrial building for $1.25 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.