Skip to main content
Tampa Bay Area
Business Observer Friday, Feb. 25, 2011 9 years ago

Tampa Port Authority buys Hanson Pipe property

Share
The Tampa Port Authority purchased a 31-acre property from Hanson Pipe & Precast LLC for $4.97 million.

BUYER: Tampa Port Authority, Tampa


SELLER: Hanson Pipe and Precast LLC


PROPERTY: 12781 S. US 41, Gibsonton


PRICE: $4.97 million


LAW FIRM ON DEED: Hanson Aggregates BMC Inc., Irving, Texas


PLANS, DESCRIPTION: The Tampa Port Authority purchased a 31-acre property from Hanson Pipe & Precast LLC for $4.97 million. The price equated to $159,062 per acre.


The property, which is contiguous to Port Redwing, houses a 5,000-square-foot office building, an overhead crane and two warehouses with 64,000 square feet. The site is zoned for heavy industrial uses.


“In our long range plan it will be important for future development,” says Jim Renner, the Tampa Port Authority's real estate director. “But right now we are working on the roadway extension to the Port Redwing facility and going through the Hanson Pipe property will reduce that cost significantly.”


The extension, which includes a railway, is designed to provide a more direct connection from the port to U.S. 41. The port authority estimates the Hanson property will save the extension project $1.3 million. The port plans to lease the former Hanson Pipe facilities.

Related Stories

Advertisement