{"id":1004795552,"date":"2026-04-17T04:11:32","date_gmt":"2026-04-17T12:11:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004795552"},"modified":"2026-04-17T06:58:22","modified_gmt":"2026-04-17T14:58:22","slug":"gtis-launches-tampa-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gtis-launches-tampa-industrial-project\/","title":{"rendered":"GTIS Launches Tampa Industrial Project"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a24cf3edf5e5&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004795554\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gtis-launches-tampa-industrial-project\/gtis-partners-tampa-site-for-industrial-development\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg\" data-orig-size=\"2242,862\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;GTIS Partners&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;GTIS Partners Acquires 116-Acre Site for Industrial Development in Tampa, Florida MSA&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;GTIS Partners Tampa Site for Industrial Development&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"GTIS Partners Tampa Site for Industrial Development\" data-image-description=\"&lt;p&gt;image sourced from PR Newswire article: https:\/\/www.prnewswire.com\/news-releases\/gtis-partners-acquires-116-acre-site-for-industrial-development-in-tampa-florida-msa-302743520.html&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The development is part of GTIS&#8217; strategy of developing high-quality assets in Qualified Opportunity Zones. Rendering courtesy of GTIS Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"394\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg?w=1024\" alt=\"Rendering of 4Ward Logistics Center in Tampa, Fla.\" class=\"wp-image-1004795554\" style=\"width:432px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg 2242w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg?resize=300,115 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg?resize=768,295 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg?resize=1024,394 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg?resize=1536,591 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GTIS_Partners_Tampa_4Ward-Logistics-Center.jpg?resize=2048,787 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The development is part of GTIS&#8217; strategy of developing high-quality assets in Qualified Opportunity Zones. <em>Rendering courtesy of GTIS Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>GTIS Partners has acquired a 116-acre site in Tampa, Fla., for a new industrial development dubbed 4Ward Logistics Center. The company will develop a 382,500-square-foot Class A facility, with delivery slated for the second half of 2027. A sale price was not disclosed. <\/p>\n\n\n\n<p>4Ward Logistics Center will include two rear-load distribution buildings. According to CommercialCafe, building one will span 204,000 square feet and building two will be 178,500 square feet, with each having around 50 dock high doors. Also, the buildings will include 32-foot clear heights and the ability to subdivide space to approximately 30,000 square feet.<\/p>\n\n\n\n<p>\u201cThe infill East Tampa submarket is outperforming the overall Tampa market with attractive leasing demand and high barriers to entry that we feel provide the opportunity for outperformance in GTIS\u2019 first investment in the Tampa industrial market,\u201d Robert McCall, partner, head of U.S. industrial and Brazil acquisitions at GTIS Partners, told <em>Commercial Property Executive<\/em>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>LISTEN ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/investment-matters-navigating-cres-fluid-capital-markets\/\">Investment Matters: Navigating CRE\u2019s Fluid Capital Markets<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located in a Qualified Opportunity Zone, the project was capitalized by the GTIS Opportunity Zone Fund II. The investment vehicle targets high-quality development opportunities in undercapitalized areas across the nation. It is the company\u2019s 17th industrial investment.<\/p>\n\n\n\n<p>The site is at 2998 N. 62nd St. GTIS chose this site due to its connectivity to Port Tampa Bay, which is within 5 miles, and its visibility along Interstate 4. Tampa International Airport is within 12 miles from the location. JLL will be handling leasing efforts for the development.<\/p>\n\n\n\n<p>This is not the company\u2019s first project of this kind in the Sun Belt. In January, GTIS partnered with Crescent Communities <a href=\"https:\/\/www.commercialsearch.com\/news\/crescent-gtis-to-build-charlotte-area-campus\/\">to build AXIAL Commerce Station<\/a> in Huntersville, N.C. The joint venture acquired the nearly 49-acre site for $7.5 million with plans to develop a two-building, 465,036-square-foot industrial project.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tampa-s-softening-industrial-market\">Tampa&#8217;s softening industrial market  \u00a0<\/h2>\n\n\n\n<p>While demand persists in certain areas of Tampa, industrial vacancy across the broader Tampa Bay region rose 150 basis points over the past year, to 8.8 percent, according to a Savills report. New supply continues to hit the market as 7.4 million square feet were delivered last year, adding to the vacancy increase. The same report shows that development is slowing down, with 4.7 million under construction, down from its peak 12 million square feet in 2022.<\/p>\n\n\n\n<p>Last August, Hazel Street Capital and CIP Real Estate forged a joint venture to build an <a href=\"https:\/\/www.commercialsearch.com\/news\/hazel-street-capital-cip-real-estate-forge-tampa-industrial-jv\/\">industrial development<\/a> in Tampa. The project includes three speculative buildings totaling 331,000 square feet. Earlier this month, Alterra IOS acquired <a href=\"https:\/\/www.commercialsearch.com\/news\/alterra-acquires-industrial-outdoor-storage-portfolio\/\">five industrial outdoor storage facilities<\/a> totaling 96,500 square feet. Two of the properties are in Orlando, Fla., while the other three are in Tampa.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plans call for a new logistics facility in an Opportunity Zone. <\/p>\n","protected":false},"author":3749,"featured_media":1004795553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21783,21742,32781,1612],"tags":[46712,32796,34107],"class_list":["post-1004795552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-investment","category-latest","category-southeast","category-tampa","tag-gtis-partners","tag-jll","tag-savills"],"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>GTIS Launches Tampa Industrial Project - 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