B&L Investments buys Interstate Corporate Center

BUYER: B&L Investments Interstate LLC (principals: Brad Luger and Henry Brenner Jr., Tampa
SELLER: RREF ACP Acquisitions LLC
PROPERTY: 6302 E. Dr. Martin Luther King Jr. Blvd., Tampa
PRICE: $27.5 million
PREVIOUS PRICE: $17.25 million, February 2012
LAW FIRM ON DEED: Bilzin Sumberg Baena Price & Axelrod LLP, Miami

PLANS, DESCRIPTION:
An affiliate of Tampa-based investment firm B&L Investments LLC purchased the 344,896-square-foot Interstate Corporate Center for $27.5 million.

The price equated to $80 per square foot. That 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.