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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.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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