Klein & Heuchan owners buys two restaurants, office tower

BUYER: DEM Enterprise LLC (principals: Mark and Steven Klein), Clearwater
SELLER: Regions Bank, as successor trustee of the Daniel A. Engelhardt Trust (50% interest) and Deborah Szoke as personal representative for the estate of Barbara Engelhardt deceased
PROPERTY: 26311 U.S. 19, N., Clearwater
PRICE: $3.65 million
PREVIOUS PRICE: $1.25 million, October 2002
LAW FIRM ON DEED: Johnson Pope Bokor Ruppel & Burns LLP, Clearwater

PLANS, DESCRIPTION: Mark and Steven Klein, owners of the Klein & Heuchan Inc. brokerage, purchased the land housing a Chick-fil-A restaurant, a 8,400-square-foot Brown Boxer Pub & Grill restaurant and a four-story, 34,604-square-foot office tower for $3.65 million.

The price equated to $84 per square foot. That figure is below the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.