Fiberlay parent buys new Northgate Boulevard location

BUYER: Orca Composites LLC (manager: Scott and Christina Macindoe), Renton, Wash.
SELLER: RB-1 Inc.
PROPERTY: 1470 Northgate Blvd., Sarasota
PRICE: $1.53 million
PREVIOUS PRICE: $1.88 million, June 2004
LAW FIRM ON DEED: Buchanan Ingersoll and Rooney PC, Tampa

PLANS, DESCRIPTION:
Seattle-based Orca Composites purchased a 39,994-square-foot industrial building in Northgate Center for $1.53 million.

The price equated to $38 per square foot. That figure is less than the two-year average price per square foot for industrial space ($41) in the Tampa Bay area, according to the CoStar Group.