{"id":1004125917,"date":"2015-08-24T05:52:39","date_gmt":"2015-08-24T13:52:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004125917"},"modified":"2022-12-07T15:10:26","modified_gmt":"2022-12-07T23:10:26","slug":"cw-makes-history-in-tampa-industrial-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cw-makes-history-in-tampa-industrial-market\/","title":{"rendered":"C&amp;W Makes History in Tampa Industrial Market"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Tampa.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004125919\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cw-makes-history-in-tampa-industrial-market\/tampa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Tampa.jpg\" data-orig-size=\"800,530\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tampa\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Tampa.jpg?w=800\" class=\"alignright size-medium wp-image-1004125919\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Tampa.jpg\" alt=\"Tampa\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Tampa.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Tampa.jpg?resize=300,199 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Tampa.jpg?resize=768,509 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/em><\/p>\n<p>High Street Realty has acquired the Tampa Distribution Center, a 955,000-square-foot industrial campus in Tampa, from MetLife Real Estate Investors.<\/p>\n<p>The sale marks the largest single-site industrial transaction in the Tampa market since January 2010. The price of the transaction was not disclosed.<\/p>\n<p>Cushman &amp; Wakefield brokered the sale and High Street also tapped the firm\u2019s Investor Services team, led by managing director Tim Rivers, to manage the facility.<\/p>\n<p>\u201cThis is a prime infill industrial investment with close proximity to the growing urban core making it highly desirable for tenants from both a distribution and employment perspective,\u201d Mike Davis, Cushman &amp; Wakefield\u2019s executive director, said in a prepared statement. \u201cThe superior location, along with ability to accommodate small- to medium-size users, will ensure Tampa Distribution Center\u2019s competitive edge now and well into the future.\u201d<\/p>\n<p>Located at 1212 North 50th St., Tampa Distribution Center sits on a 53.8-acre parcel and consists of a combination of six small- to mid-bay distribution buildings serving tenants ranging from 2,500 to 90,000 square feet in size. Notable tenants include Lansing Building Products, Consolidated Container, Motion Industries, Ricoh, and Brighton Best.<\/p>\n<p>Originally built in 1973, all buildings are dock-high, tilt-wall construction with primarily 20\u2019 clear heights, and 50\u2019 by 50\u2019 column spacing. Buildings Three, Four, and Five feature a flow-through design, providing both dock-high loading in the front and grade-level loading in the rear.<\/p>\n<p>Tampa Distribution Center is located in the heart of Tampa\u2019s premier East Side submarket, the largest submarket in Tampa with the most institutional product. It offers immediate access to the Lee Roy Selmon Expressway, Interstate 4 and Adamo Drive.<\/p>\n<p>According to Colliers 2015 2Q Industrial Market report, activity in Tampa Bay\u2019s industrial market showed moderate growth over the previous quarter with continued positive growth anticipated throughout 2015.<\/p>\n<p>\u201cThe industrial market continues to see interest from out-of-state users and investors seeking to relocate business operations to Florida due to the state\u2019s improved economic growth, affordable tax structure and low costs of doing business,\u201d the report revealed. \u201cQuality industrial buildings remained in high demand throughout the second quarter with little existing class A inventory available for users seeking facilities meeting updated codes and features including higher clear heights, ESFR sprinklers and sensored lighting.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield has closed the sale of the largest single-site industrial transaction in the Tampa market since January 2010. <\/p>\n","protected":false},"author":451,"featured_media":1004125919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742],"tags":[],"class_list":["post-1004125917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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