company Avistone buys Meridian Gateway Center buildings

BUYER: Avistone Gateway LLC, Laguna Niguel, Calif.
SELLER: Carlyle/Meridian Pinellas LP
PROPERTY: 12495 34th St. N., Pinellas Park
PRICE: $11.53 million
PREVIOUS PRICE: $9 million, September 2006
LAW FIRM ON DEED: DLA Piper LLP (US), Tampa

PLANS, DESCRIPTION:
Laguna Niguel, Calif.-based real estate investment firm Avistone purchased the four-building Meridian Gateway Center for $11.53 million.

The price equated to $70 per square foot. That figure is higher than the two-year average price per square foot for industrial space ($41) in the Tampa Bay area, according to the CoStar Group.