Cold storage planned for Tampa port

LANDLORD: Port Tampa Bay board
GROUND LEASE TENANT: Port Logistics Tampa Bay I Inc.
PROPERTY: a portion of Port of Tampa Bay, 1101 Channelside Drive, Tampa along Berth 219
TERM: 27 years
PRICE: $0 (first four months), $171,250 per year (first 12 months of development), $342,500 per year (first operating year), prior years rent plus CPI (the remainder of the initial term)

Port Tampa Bay expects to be back in the refrigerated food storage business soon. The port, with a master plan that's called for a food distribution facility for several years, signed a deal with an Orlando business to operate a 130,000-square-foot cold storage food products facility the port plans to build next year.

The new $19.1 million facility will receive, label, package and distribute perishable goods, fruits, vegetables, pharmaceuticals and other products that require refrigeration.