ORLANDO—Tampa's industrial market has a bright future, if you believe all the commercial real estate pundits. Some investors and developers are making their bets against that future right now.
A 683,750-square-foot industrial complex in Tampa, FL, just traded hands. The sale price on the value-added industrial real estate deal: $18.25 million.
CBRE Tampa-based brokers Brian Rettig, Gary Bauler, and Dale Peterson, represented the seller, LMIW II. CBRE also received the property management and leasing assignment from 6422 Harney Road LP to assist in the repositioning of the asset moving forward. 6422 Harney Road sold the asset, which is located at 6422 Harney Road. New ownership's plans call for major capital improvements to the asset and an overall repositioning to an institutional quality level.
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