Subdivide and Conquer

BUYER: Agellan Capital Partners Inc. subsidiary General Diversified Partners Inc. (6422 Harney Road LP), Toronto, Ontario
SELLER: Regions Bank (LMIW II LLC)
PROPERTY: 6422 Harney Road, Tampa
PRICE: $18.25 million
PREVIOUS PRICE: $18 million, February 2013

PLANS, DESCRIPTION:
With a location near one of Tampa's most desirable transportation hubs, room for improvement and a bank owner, the former Kash n' Karry Food Stores distribution center and corporate headquarters offers a lot to Agellan Capital Partners.

The Toronto-based investment firm purchased the 683,750-square-foot facility for $18.25 million, equal to $27 per square foot.