REBusinessOnline

Cushman & Wakefield Brokers $59.6M Sale of Distribution Center in Tampa Bay Area

CenterState Logistics Center is located at 8060 State Road 33 in Lakeland, Fla., roughly halfway between Tampa and Orlando.

LAKELAND, FLA. — Cushman & Wakefield has brokered the $59.6 million sale of CenterState Logistics Center, a 605,412-square-foot distribution facility located at 8060 State Road 33 in Lakeland, roughly halfway between Tampa and Orlando. The facility was completed in 2017, and is fully triple-net-leased to Quaker Sales & Distribution, a wholly owned subsidiary of PepsiCo. The company uses the building to distribute its sports drink, Gatorade. Mike Davis, Rick Brugge and Michael Lerner of Cushman & Wakefield arranged the transaction on behalf of the seller and developer, a partnership between Brennan Investment Group and Greenfield Partners. Los Angeles-based Griffin Capital Essential Asset REIT Inc. acquired the asset. The building features tilt-wall construction, 36-foot clear heights and cross-dock loading.

 

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Updated daily:
How Will COVID-19 Impact the Commercial Real Estate Industry?
Click here.

COVID-19 Webinars: Learn more about the CRE industry's response to the coronavirus. Sign up.
Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business