Polk properties prove to be investment worthy

Recent deals show the county remains a hot market for industrial investors


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  • | 6:00 a.m. October 5, 2018
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COURTESY PHOTO — Tratt Properties of Phoenix acquired the recently completed Best Buy Co. logistics center in Polk City in July.
COURTESY PHOTO — Tratt Properties of Phoenix acquired the recently completed Best Buy Co. logistics center in Polk City in July.
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A pair of recently completed, high-profile investment transactions in Winter Haven and Polk City illustrate that Polk County continues to be a viable market for buyers ­— especially of industrial product with credit-worthy tenants.

The larger of the two sales involved a new Best Buy Co. Inc. distribution and service center completed in May. The 650,808-square-foot building, at 8906 Highway 33 North, in Polk City, was sold for $40.63 million to an affiliate of Phoenix-based Tratt Properties.

 

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