ORLANDO—A Nebraska investor is getting in on the Central Florida industrial boom. Gerald J. Keating just snapped up four distribution centers for $3.5 million. The price is small but the plans are big.
Three of the industrial properties are in Tampa. One of them is in the white hot Plant City. All told, Keating's recent industrial investments in Florida total nearly 1 million square feet.
"Increased market activity has reduced the supply of similar in-fill options in Tampa and Plant City," says Edward Miller, who represented the seller along with Dolores Seymore of Colliers International Tampa Bay. "These properties are undergoing a multi-million dollar renovation and will respond to the growing demand among industrial users."
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