Kennedy Investments buys Lincoln Gardens

BUYER: Lincoln Gardens Partners LLC (principal: Joseph Kennedy), Tampa
SELLER: 2901 & 3000 West Busch Boulevard Holdings LLC
PROPERTY: 2901 W. Busch Blvd., Tampa
PRICE: $2 million
PREVIOUS PRICE: $3.75 million, October 1997
LAW FIRM ON DEED: Quilling, Selander, Lownds, Winslett & Moser PC, Dallas

PLANS, DESCRIPTION: Tampa-based Kennedy Investments Inc. purchased the 10-building, 74,000-square-foot Lincoln Gardens office park for $2 million.

The price equated to $27 per square foot. That figure is less than the two-year average price per square foot for office space ($115) in the Tampa Bay area, according to the CoStar Group.