Virginia family's Mountain Manor buys 16-building VanDerNoord portfolio

BUYER: Mountain Manor Inc. (principal: John Rust), Luray, Va.
SELLER: 2723 17th LLC, Aircom LLC, 6108 33rd LLC, 2310 Whitfield Industrial LLC, HVDN LLC, 1115 Commerce LLC, 1619 12th LLC, Pines Two Investments LLC and 33rd Investments LLC
PROPERTY: 1360 12th St. E., 5002, 5004, 5006, 5008, 5010, 5012 U.S. 41 N. and 2723 and 2725 17th St. E., Palmetto; 2310, 2314 and 2322 Whitfield Industrial Way and 1113, 1115, 1125, 1135, 1130, 1145, 1155, 1165, 1175, 1185 and 1156 Commerce Blvd. N., Sarasota; and 6108 E. 33rd St., 3320 59th Drive E., various units and 2076 and 2082 58th Ave. Circle E., Bradenton
PRICE: $10 million
PREVIOUS PRICE: $2.72 million, April 2007; $2.3 million, March 2005; $1.68 million, March 2004; $1.2 million, April 2006; $1.17 million, November 2007; $767,100, December 2007 and $645,000, June 2004
LAW FIRM ON DEED: Michael J. Belle PA, Sarasota

PLANS, DESCRIPTION: The Rust family, originally from Luray, Va., purchased 16 industrial buildings from Bradenton's VanDerNoord family for $10 million.

The price equated to $41 per square foot. That figure is close to the two-year average price per square foot for industrial space ($46) in the Tampa Bay area, according to the CoStar Group.