Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Denholtz Claims 9-Building Tampa Flex Property
Red Bank, NJ-based Denholtz Properties secured $18.6 million in financing for the acquisition of Thompson Center Waters, a nine-building flex property with light industrial and office space totaling 225,651 square feet in Tampa.
Completed between 1986 and 1990, the complex features nine one-story buildings with 12-foot clear heights, 25 grade-level loading dock, ample parking ratio and high office finish of 87%. The buildings are situated on 19.97 acres at 5455, 5461, 5463, 5481, 5501, 5503, 5553, 5555 and 5557 W. Waters, at the intersection between West Waters Avenue (State Route 584) and Anderson Road.
The property is in the Westshore/Airport Flex Industrial submarket, which has a vacancy of just 4.1%, and is approximately seven miles from Tampa International Airport.
JLL Capital Markets’ Michael Klein, Jon Mikula, Maxx Carney and Carlos Silva worked on behalf of the borrower, Denholtz Properties, to place the seven-year, fixed-rate loan with a regional bank.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition