Tampa Distribution Center sells for $69.25 million

Buoyed by a strategic infill location and close proximity to both a heavy population cluster and highway networks, the rise of e-commerce logistics and so-called “last mile” delivery and a recognition that industrial properties are today a vital part of a company’s overall supply chain, the value of the six-building Tampa Distribution Center has climbed 60% in the past four years.

Earlier this month, Link Industrial Properties — New York-based Blackstone Group’s U.S. industrial real estate arm — bought the 955,000-square-foot project for $69.25 million.