{"id":1004191972,"date":"2017-09-29T05:11:25","date_gmt":"2017-09-29T13:11:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004191972"},"modified":"2022-12-07T05:12:46","modified_gmt":"2022-12-07T13:12:46","slug":"mlg-snags-23m-tampa-industrial-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mlg-snags-23m-tampa-industrial-portfolio\/","title":{"rendered":"MLG Snags $23M Tampa Industrial Portfolio"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004191976\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Breckenridge-Park.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004191976\" data-attachment-id=\"1004191976\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mlg-snags-23m-tampa-industrial-portfolio\/breckenridge-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Breckenridge-Park.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Karina Castano&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1506434735&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;1&quot;}\" data-image-title=\"Breckenridge Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Breckenridge Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Breckenridge-Park.jpg?w=800\" class=\"wp-image-1004191976 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Breckenridge-Park.jpg\" alt=\"Breckenridge Park\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Breckenridge-Park.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Breckenridge-Park.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Breckenridge-Park.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004191976\" class=\"wp-caption-text\">Breckenridge Park<\/p><\/div>\n<p>Triangle Capital Group disposed of a 334,279-square-foot industrial portfolio within Breckenridge Park in Tampa, Fla. MLG Capital\u00a0acquired the portfolio for\u00a0$22.5 million.<\/p>\n<p>Located at 5802-5912 Breckenridge Parkway, the 51-acre business park features a garden, ample parking, on-site property management services and grade-level and dock-high loading options. Notable tenants include Swagelok, Rosetta Technologies and Audio Fidelity Holdings. The property is within close proximity to hotels, dining and entertainment options, as well as Highway 301 and Interstate 4.\u00a0<\/p>\n<p>The JLL team of John Dunphy, Ryan Vaught and Robyn Hurrell represented the seller in the transaction.<\/p>\n<h2>Tampa&#8217;s Industrial Growth\u00a0<\/h2>\n<p>JLL&#8217;s\u00a0quarter two Industrial Insight report found that market interest in Tampa remains high as tenants look to upgrade their current spaces at a time when a number of companies are seeking to expand their footprint. Overall, the high-level of demand has caused asking rental rates to increase by 13.7 percent year-over-year.<\/p>\n<p><em>&#8220;<a href=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-tampa-industrial-sale\/\">Tampa&#8217;s industrial sector<\/a> is thriving with unprecedented levels of demand for space across the region. This performance has caught the attention of national users and investors,&#8221;<\/em> said Vaught, in prepared remarks. <em>&#8220;The sale of the Breckenridge Park portfolio is a testament to the strength of the market and represents a significant addition to MLG Capital&#8217;s portfolio as the group looks to stake its claim in Tampa&#8217;s active commercial market.&#8221;<\/em><\/p>\n<p><em>Image courtesy of JLL<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comprising 334,279 square feet of space, the asset is located within Breckenridge Park, a 51-acre business park which houses tenants such as Swagelok, Rosetta Technologies and Audio Fidelity Holdings.<\/p>\n","protected":false},"author":746,"featured_media":1004191976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,1612],"tags":[32796,37712,37711],"class_list":["post-1004191972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-tampa","tag-jll","tag-mlg-capital","tag-triangle-capital-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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