Bromley Cos. Picks Up Tampa-Area Industrial Portfolio

The Bromley Companies has acquired a two-building industrial portfolio in Clearwater, Fla., for $23.5 million. The seller was a partnership between Blue Steel Development and Dubuque Capital.

The portfolio totals 202,622 square feet and includes two buildings at 14480 and 14550 62nd Street N. The buildings were 75 percent occupied at the time of sale, with about 51,000 square feet of vacant space.

The properties include cross-dock loading, fully fenced industrial outdoor storage, and 26- to 30-foot clear heights. The previous ownership partnership acquired the property in 2019 from Pinch-A-Penny Pool Supplies through a short-term sale-leaseback structure.

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Costa Custom Boats is the portfolio’s largest tenant, occupying more than 54,000 square feet in both buildings. The company currently manufactures high-end open-water vessels out of the property. The broader tenant roster reflects the local and regional industrial users that demand space in Pinellas County’s infill industrial market.

Colliers Executive Vice President Robyn Hurrell and Vice President Kyle Kidd represented the sellers in the deal. The Bromley Companies also worked with Colliers Debt & Structured Finance, who arranged the acquisition financing through a bank. Executive Vice President Nathan Lynch and Associate Mike Sogluizzo advised on the execution.

Tampa Fertile Ground for New Industrial Projects

The Tampa-area industrial market has a middling vacancy rate at 10.3 percent, according to Yardi Matrix data, compared with the national rate of 9.3 percent. Nevertheless, rents expanded 10.7 percent year-over-year in greater Tampa, close to the national rate of increase for the period.

Developers are interested in the market. Early in May, Constellation Real Estate Partners acquired the site of a planned three-building, 251,162-square-foot speculative industrial project in Hillsborough County, Fla. The 19-acre site will become Constellation East Tampa Business Center, with completion scheduled for May 2027.

In April, GTIS Partners acquired a 116-acre site in Tampa for a new industrial development called 4Ward Logistics Center. The property will be a 382,500-square-foot facility, with delivery slated for the second half of 2027.