Novare Group, Batson-Cook prepare to start SkyHouse Channelside Development

BUYER: Skyhouse Channelside LLC, Atlanta
SELLER: Novare Channelside LLC
PROPERTY: 104, 107 and 112 N. 12th St., Tampa
PRICE: $4.7 million
PREVIOUS PRICE: $1.95 million, February 2008
LAW FIRM ON DEED: King & Spalding LLP, Atlanta

PLANS, DESCRIPTION: A joint-venture partnership of Novare Group and Batson-Cook Development Co. purchased 1.54 acres north of East Whiting Street from an affiliated entity, Novare Channelside LLC, for $4.7 million.

The price equated to $3.05 million per acre.