{"id":1004292938,"date":"2019-01-21T07:11:36","date_gmt":"2019-01-21T15:11:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004292938"},"modified":"2019-01-21T07:11:36","modified_gmt":"2019-01-21T15:11:36","slug":"cushman-wakefield-arranges-sale-and-financing-of-tampa-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-and-financing-of-tampa-industrial-facility\/","title":{"rendered":"Cushman &#038; Wakefield Arranges Sale and Financing of Tampa Industrial Facility"},"content":{"rendered":"<div id=\"attachment_1004292941\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Executive-Industrial-Park-Ground.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004292941\" data-attachment-id=\"1004292941\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-and-financing-of-tampa-industrial-facility\/executive-industrial-park-ground\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Executive-Industrial-Park-Ground.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1454856475&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;22&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Executive Industrial Park Ground\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Executive Industrial Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Executive-Industrial-Park-Ground.jpg?w=800\" class=\"wp-image-1004292941 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Executive-Industrial-Park-Ground.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Executive-Industrial-Park-Ground.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Executive-Industrial-Park-Ground.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Executive-Industrial-Park-Ground.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004292941\" class=\"wp-caption-text\">Executive Industrial Park<\/p><\/div>\n<p>A joint venture of Genet Property Group and The Geneva Group has purchased Executive Industrial Park, a 201,620-square-foot industrial facility in Tampa, Fla. Cushman &amp; Wakefield arranged the sale on behalf of the seller and secured a long-term, fixed-rate loan for the acquisition of the property.<\/p>\n<p>Located at 6089-6205 Johns Road, the asset occupies 11.6 acres alongside Freeway 589, in Tampa\u2019s Airport Industrial submarket, approximately 6 miles from Tampa International Airport.<\/p>\n<p>\u201c<em>Executive Industrial Park is located in one of Tampa Bay\u2019s most in-demand industrial submarkets due to its central location within the MSA, proximity to Tampa International Airport and access to high-quality housing that serves its employee base,\u201d<\/em> said Rick Brugge, executive director at Cushman &amp; Wakefield, in prepared remarks.<\/p>\n<p>Built between 1981 and 2000, the seven-building facility features concrete tilt-wall and steel column construction with clear heights from 12 to 18 feet. Five of the seven buildings also feature dock loading and suites ranging from 1,800 to 12,000 square feet. The asset is currently 94 percent occupied by tenants such as Cook &amp; Boardman, A&amp;A Printing and Scientific Research Corporation.<\/p>\n<p><em>\u201cThe exceptionally limited number of remaining development sites within the submarket limits additional future competition and will result in strong rental rate growth well into the future for this property,\u201d<\/em> added Brugge.&nbsp;<\/p>\n<p>Cushman &amp; Wakefield\u2019s sales team included Brugge, Vice Chairman Mike Davis and Executive Director Michael Lerner. The firm\u2019s Equity, Debt &amp; Structured Finance Group included Senior Directors Jason Hochman and Chris Lentz.<\/p>\n<p>Cushman &amp; Wakefield represented Kylli Inc.\u2500developer of the Burlingame Point office campus in the San Francisco Suburb of Burlingame, Calif.\u2500in a deal with Facebook, which <a href=\"https:\/\/www.commercialsearch.com\/news\/facebook-leases-800-ksf-bay-area-office-project\/\">preleased all four buildings of the Burlingame Point office<\/a>.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm\u2019s sales team represented the seller and its Equity, Debt &#038; Structured Financing Group secured the financing for the acquisition of the 201,620-square-foot asset. <\/p>\n","protected":false},"author":871,"featured_media":1004292941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21783,21742,1612],"tags":[32799,43796,36245,43799],"class_list":["post-1004292938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-investment","category-latest","category-tampa","tag-cushman-wakefield","tag-genet-property-group","tag-rick-brugge","tag-the-geneva-group"],"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>Cushman &amp; 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