Jupiter's Redina Cos. buys former Bradenton Herald building

BUYER: Bradenton Landco LLC (principal: David Lebenson), Jupiter
SELLER: 102 Bradenton MRP LLC
PROPERTY: 102 W. Manatee Ave., Bradenton
PRICE: $3.36 million
PREVIOUS PRICE: $4.77 million, January 2011
LAW FIRM ON DEED: Greenspoon Marder PA, Fort Lauderdale

PLANS, DESCRIPTION:
Jupiter-based Redina Cos. purchased the 88,398-square-foot former Bradenton Herald building for $3.36 million.

The price equated to $370,020 per acre or $38 per square foot. That price per square foot figure is less than the two-year average price per square foot for office space ($118) in the Tampa Bay area, according to the CoStar Group.