Storage facility near Tampa port sells for $37.8 million

By Louis Llovio
| 8:00 a.m. August 16, 2025
| 2 Free Articles Remaining!

A 32-acre industrial outdoor storage at 1650 Hemlock St. in Tampa sold to a Chicago investor.

Tampa Bay-Lakeland

A 32-acre industrial outdoor storage facility near Port Tampa Bay has sold.

The property is at 1650 Hemlock St. in East Tampa and adjacent to the port. The buyer is Chicago private equity real estate investment firm Green Courte Partners.

According to Hillsborough County property records, it paid $37.8 million. The seller is Hendry Marine Industries Inc., which paid $4 million for it in 2005.

Hendry will lease back a portion of the site, including 1,600 linear feet of marine bulkhead.

Green Courte says Hendry and Moran Environmental Recovery, which is already a tenant, will use about half the property. It will redevelop the remaining 16 acres into new (industrial outdoor storage) IOS space.

Green Courte was founded in 2002 and specializes in niche real estate sectors.

Its holdings include investments in active-adult/independent senior living facilities, land-lease communities, industrial outdoor storage and near-airport parking.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.