Safepoint Insurance Co. buys Grand Oaks at Tampa Telecom Park

BUYER: Safepoint Insurance Co. (owners: Amarjit and Parminder Dhaliwal), Brandon
SELLER: 12640 Telecom Drive LLC
PROPERTY: 12640 Telecom Drive, Temple Terrace
PRICE: $1.58 million
PREVIOUS PRICE: $2.81 million, January 2008
LAW FIRM ON DEED: Bivins & Hemenway PA, Valrico

PLANS, DESCRIPTION:
Residential insurance company SafePoint Insurance Co. purchased the 12,520-square-foot Grand Oaks at Tampa Telecom Park office building for $1.58 million.

The price equated to $126 per square foot. That figure is close to the two-year average price per square foot for office space ($131) in the Tampa Bay area, according to the CoStar Group.