EastGroup Buys 30 Acres for Crossroads Logistics Park Expansion
EastGroup Properties paid $12 million for 30 acres in East Tampa, expanding Crossroads Logistics Park to five buildings totaling 850,000 square feet.
EastGroup Properties paid about $12 million in September 2026 for 30 acres in East Tampa, a second phase of Crossroads Logistics Park. The price works out to roughly $400,000 per acre. The site sits near the I-4/I-75 interchange.
The expansion grows the park from three buildings totaling about 500,000 square feet to five totaling 850,000 square feet, a 70 percent increase.
Existing buildings: Crossroads 1 at 5221 Crossroads Park Drive (124,000 SF), Crossroads 2 at 10411 E. 92 Highway (203,000 SF), and Crossroads 3 at 10405 E 92 Highway (156,000 SF). Arrow Capital sold a 58,849-SF small-bay building at 5231 Crossroads Park Drive to Clarion Partners in 2025.
The Mississippi-based industrial REIT holds roughly 66.8 million square feet. Its portfolio was 97.1 percent leased and 96.1 percent occupied as of Aug. 31, 2026.
- Address
- Crossroads Logistics Park Phase II Land, East Tampa, FL
- Sq ft
- 350,000
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