MDH Partners Pays $68M for Tampa-Area Industrial Portfolio

July 16, 2026

Industrial Investment News Southeast More Tampa

A JLL Capital Markets team arranged the transaction.

Aerial rendering delimitating the three properties that were sold to MDH Partners. — The three buildings acquired by MDH Partners are part of Lakeland Commercial Center. *Image courtesy of JLL Capital Markets*

MDH Partners has acquired three industrial buildings totaling 557,100 square feet in Lakeland, Fla. Stonemont Financial Group sold the collection for $67.7 million, in a transaction brokered by JLL Capital Markets.

The assets are part of Lakeland Commercial Center, a 90-acre campus close to the interchange between Interstate 4, U.S. Route 92 and Florida State Route 570, some 30 miles northeast of downtown Tampa, Fla. Lakeland Linder International Airport is 4 miles east.

JLL Managing Director Cody Brais, Senior Managing Directors John Huguenard and Luis Castillo, Associate Taylor Osborne, together with Analysts David Orta Jr. and Mia Gian, led the team that arranged the deal on behalf of the seller.

An industrial park near Tampa

Developed by Stonemont, the three rear-load industrial buildings came online in 2023 and 2024 on a 28.5-acre site. The traded portfolio included:

Building 100, a 258,000-square-foot facility at 5135 Drane Field Road, featuring 66 dock-high doors and 130-foot-deep truck court
Building 200, a 150,600-square-foot warehouse with 46 dock-high doors at 3400 County Line Road
Building 300, a 148,100-square-foot property with 50 dock-high doors at 3490 County Line Road.

Each facility has 32-foot clear heights, 54-foot by 50-foot column spacing, 60-foot speed bays and two drive-in doors. Buildings 200 and 300 share a 190-foot-deep truck court and the entire collection has a total of 588 parking spaces.

The larger, 905,840-square-foot Lakeland Commercial Center also included the 348,740-square-foot Building 400, which Stonemont sold in March 2025.

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Tampa’s industrial sales volume totaled $277 million year-to-date as of May, according to a Yardi Matrix report. The amount was third-to-last nationally, as the metro surpassed only the Twin Cities ($260 million) and Kansas City ($252 million). However, assets traded for $155 per square foot on average, above the $139 national figure.

In a recent transaction, Bromley Cos. acquired a two-building, 202,622-square-foot industrial portfolio in Clearwater, Fla., from Blue Steel Development and Dubuque Capital. Assets changed hands for roughly $116 per square foot.