Nine Tampa office buildings sold for $49 million

TAMPA — Boca Raton-based real estate investment and asset management firm IP Capital Partners LLC purchased nine Tampa office buildings for $48.7 million.

The price equated to $93 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.

The about 519,000-square-foot properties includes the five-story The Atrium, three-story Registry One, three-story Registry Two, Registry Square, three-story Sabal Corporate Center and Sabal Business Center I, II, III and V.