Redstone Investments pays $28M for Austin Center

BUYER: RS Westshore LLC (manager: Lee Burdman and Jonathan Levy), Tampa
SELLER: Austin Development Co. LLC (parcels I and II) and Beverly Austin (parcel IV)
PROPERTY: 1111, 1211, 1311, 1401 and 1411 N. West Shore Blvd., Tampa
PRICE: $28.45 million
PREVIOUS PRICE: $152,500, January 1971
LAW FIRM ON DEED: Gray Robinson PA, Tampa

PLANS, DESCRIPTION:
An affiliate of Redstone Investments purchased the five-building Austin Center in Westshore for $28.45 million.

The price equated to $91 per square foot. That figure is lower than the two-year average price per square foot for office space ($119) in the Tampa Bay area, according to the CoStar Group.