Loading
BUYER: GP Warehouse Investment Propco Three LLC (HS/GP Warehouse Investment Co. LLC), Philadelphia
SELLER: Metropolitan Life Insurance Co.
PROPERTY: 1212 N. 50th St. and 4528 Transport Drive, Tampa
PRICE: $43.38 million
PREVIOUS PRICE: $7.2 million, May 1985 and $5.15 million, January 1974
LAW FIRM ON DEED: Barack Ferrazzano Kirschbaum & Nagelberg LLP, Chicago
PLANS, DESCRIPTION:
Boston-based real estate investment firm High Street Realty Co. LLC purchased the 955,000-square-foot Tampa Distribution Center from MetLife Real Estate Investors for $43.38 million.
The price equated to $45 per square foot.
Built in 1973, the facility contains six distribution buildings on a 53.8-acre parcel. Mike Davis, Rick Brugge and Michael Lerner of Cushman & Wakefield represented the seller.
Cushman & Wakefield Research reports that this sale is the largest single-site industrial transaction, by square footage, in the Tampa market since January 2010.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
