{"id":1004202036,"date":"2018-01-03T07:19:59","date_gmt":"2018-01-03T15:19:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202036"},"modified":"2022-12-09T02:38:51","modified_gmt":"2022-12-09T10:38:51","slug":"tri-county-business-park-fetches-40m-in-tampa-bay","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/","title":{"rendered":"Tri-County Business Park Fetches $40M in Tampa Bay"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004202039\" style=\"width: 347px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004202039\" data-attachment-id=\"1004202039\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/tri-county-business-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"Tri-County Business Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Tri-County Business Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg?w=800\" class=\"wp-image-1004202039 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg\" alt=\"Tri-County Business Park\" width=\"337\" height=\"276\" \/><\/a><p id=\"caption-attachment-1004202039\" class=\"wp-caption-text\">Tri-County Business Park<\/p><\/div>\n<p>Birtcher Anderson and JCR Capital have acquired Tri-County Business Park, a 676,735-square-foot industrial facility in the northwest Tampa Bay area, for $40.4 million. Cushman &amp; Wakefield brokered the sale on behalf of the seller, True North Management Group.<\/p>\n<p>Tri-County Business Park is strategically located at the convergence of Hillsborough, Pinneals and Pasco counties, at 13300 McCormick Drive, off Race Track Road, west of Tampa\u2019s Westchase submarket. Built in 1980 and 1988, the 20-building asset occupies 76.5 acres. The facility comprises 55 percent light industrial and 45 percent garden office\/service center, featuring varying clear heights, as well as grade-level and dock-high loading.<\/p>\n<p>The property was 75 percent leased at the time of the sale. Occupied spaces range from 1,000 to 42,500 square feet. Leader Tech, an electronic manufacturer is currently the largest tenant, occupying 42,500 square feet. Other tenants include Seven Seas Water Corporation and Clextral Inc.<\/p>\n<p><em>\u201cThis property is one of the largest flex projects in Tampa Bay, and it\u2019s benefiting from notable population and job growth in the region,\u201d<\/em> said Rick Brugge, executive director of Cushman &amp; Wakefield&#8217;s capital markets team, in prepared remarks. \u201c<em>The lack of buildable, industrial-zoned land in the Tri-County area, along with this property\u2019s sheer size, help secure Tri-County Business Park\u2019s dominant position in the market.\u201d <\/em><\/p>\n<p>Brugge, together with\u00a0Vice Chairman Mike Davis\u00a0and Executive Chairman Michael Lerner, represented the seller in the transaction. In December, the same team brokered the sale of Compark 75, also a<a href=\"https:\/\/www.commercialsearch.com\/news\/tampa-area-industrial-asset-changes-hands\/\"> Tampa-area industrial asset<\/a>.<\/p>\n<p><em>Image courtesy of Google street view<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield brokered the sale of the 675,735-square-foot facility on behalf of True North Management Group, at which time the asset was 75 percent leased.<\/p>\n","protected":false},"author":871,"featured_media":1004202039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1612],"tags":[38685,32799,35984,34021,36244,36245],"class_list":["post-1004202036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-tampa","tag-compark-75","tag-cushman-wakefield","tag-jcr-capital","tag-michael-lerner","tag-mike-davis","tag-rick-brugge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tri-County Business Park Fetches $40M in Tampa Bay - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tri-County Business Park Fetches $40M in Tampa Bay\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield brokered the sale of the 675,735-square-foot facility on behalf of True North Management Group, at which time the asset was 75 percent leased.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-03T15:19:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:38:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/\",\"name\":\"Tri-County Business Park Fetches $40M in Tampa Bay - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg\",\"datePublished\":\"2018-01-03T15:19:59+00:00\",\"dateModified\":\"2022-12-09T10:38:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/tri-county-business-park.jpg\",\"width\":800,\"height\":620,\"caption\":\"Tri-County Business Park\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tri-county-business-park-fetches-40m-in-tampa-bay\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tri-County Business Park Fetches $40M in Tampa Bay\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. 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