Hitting Bull's-eye

It's been nearly a year since Redstone Investments spent $28.45 million to buy the five-building Austin Center in Tampa's tony Westshore district, and in the months since, the acquisition appears to be one that is paying off.

As Tampa area vacancies have fallen into single digits and rental rates have crept upward, toward $30 per square foot, well-located and maintained properties like Austin Center have profited more than many suburban office developments.

But Redstone could benefit to an even greater degree in the next year to two ahead, if solid markets continue to nudge developers to consider new construction.