Louisiana oil conglomerate invests in Neff Rental building

BUYER: Marco Cos. Inc. (officers: Mildred, William and Richard McElligott), Broussard, La.
SELLER: Hupp Triple D Industrial LLC
PROPERTY: 109 Bluegrass Court, Nokomis
PRICE: $2.15 million
PREVIOUS PRICE: $918,600, March 2007
LAW FIRM ON DEED: Macfarlane Ferguson & McMullen, Clearwater

PLANS, DESCRIPTION:
Louisiana's Marco Cos. purchased a 7,920-square-foot industrial building for $2.15 million.

The price equated to $271 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.