Hines Affiliate Buys East Tampa Warehouse for $56.1M
A Hines affiliate paid $56.1 million for the 415,717-square-foot warehouse at 1820 Massaro Blvd. in East Tampa, nearly four times the 2017 sale price.
The 415,717-square-foot industrial warehouse at 1820 Massaro Blvd. in East Tampa sold for $56.1 million, or $134.95 per square foot. An affiliate of Houston-based Hines bought the property from an affiliate of Canada-based Hove Street Properties. The deal closed Sept. 15, according to Hillsborough County property records.
The 51-year-old warehouse sits on 26.7 acres and functions as an infill distribution facility with outdoor storage and excess trailer drops. Builders FirstSource leased 104,247 square feet there in 2022.
Free · unsubscribe anytime · no spam, just projects
Hove Street paid $15.2 million for the property in 2017, making the sale price nearly four times its basis over nine years.
Cushman & Wakefield's Rick Brugge, Mike Davis, Rick Colon, and Dominic Montazemi represented the seller.
Every new development in Tampa Bay, tracked from permits and filings. In your inbox every morning at 8.
Free · unsubscribe anytime · no spam, just projects
Project File
- Address
- 1820 Massaro Blvd., Tampa, FL 33619
- Sq Ft
- 415,717
The Project File tracks every fact, change, company, and article we have on this development, completed as of our latest research.
Groundbreak covers 7 markets
Popular this week in Tampa Bay
- 1
Coral Walk Student Housing Breaks Ground Near University of Tampa
- 2
EVO Entertainment Center Approved for Downtown Clearwater
- 3
16-Story Tower at 446 4th St. South Withdrawn in St. Pete
- 4
Water Street Tampa Entertainment District Advances to Review
- 5
PulteGroup Breaks Ground on 424-Home Reagan Landing in Bradenton
