Arcis Investments buys, renovating Perry Paint building

BUYER: Perry Office LLC (managers: Bruce Burdge and Kristen Kennedy Showalter), Tampa
SELLER: Westby Tampa LLC
PROPERTY: 109 N. Brush St., Tampa
PRICE: $3.03 million
PREVIOUS PRICE: $3.85 million, March 2006
LAW FIRM ON DEED: Mechanik Nuccio Hearne & Wester PA, Tampa

PLANS, DESCRIPTION:
Arcis Investments Inc. purchased the 35,235-square-foot former Perry Paint & Glass Building for $3.03 million.

The price equated to $86 per square foot. That figure is lower than the two-year average price per square foot for retail space ($129) in the Tampa Bay area, according to the CoStar Group.