Meridian sells Tampa industrial project

Meridian Development Group has sold a three-building industrial project in East Tampa for $8.25 million, the latest move by the Tampa-based investment firm to recalibrate its portfolio.

Boston-based High Street Realty Co. bought Meridian East, a 200,000-square-foot project at 5100 Causeway Blvd., in part because it is near its 955,000-square-foot Tampa Distribution Center. High Street acquired that six-building project two years ago for $43.4 million, records show.

“They were the logical buyer, given their holdings in the immediate area,” says Meridian Managing Director Steven Kossoff.