Cushman & Wakefield Brokers $69.3M Sale of Distribution Center Complex in Tampa
TAMPA, FLA. — Cushman & Wakefield has arranged the $69.3 million sale of Tampa Distribution Center, a six-building, 955,000-square-foot industrial facility in Tampa. Tampa Distribution Center consists of six dock-high, front-load and flow-through industrial buildings on 51 acres. Suite sizes range from 2,500 to 90,000 square feet and average 15,000 square feet. The property was 94.6 percent leased at the time of sale to tenants including Lansing Building Products, Consolidated Container Co., Feeding America Tampa Bay, Courier Express, General Insulation Co. Inc. and Storopack Inc. The center is situated at 1212 N. 50th St., adjacent to UPS’ Tampa hub, five miles from Port of Tampa and 12 miles from Tampa International Airport. Mike Davis, Rick Brugge and Rick Colon of Cushman & Wakefield represented the seller, High Street Realty Co., in the transaction. Blackstone’s U.S. industrial real estate operating platform, Link Industrial Properties, was the buyer. Julia Silva and Jessica Mizrahi of Cushman & Wakefield have been retained to lease the property.