JV Moves Forward on 245K-SF Spec Industrial Project in Tampa
JLL has successfully arranged a joint venture between Scannell Properties and Hoover Development Partners for the redevelopment of an industrial site located north of the air cargo entrance at the Tampa International Airport.
The property will be branded as the TIA Logistics Center and is slated to include up to 245,000 square feet of warehouse/distribution space together with commercial outparcels and will be the largest industrial spec project delivered to this submarket in more than 15 years. The developers are currently in the permitting and entitlement approval phase and expect to break ground in 2021.
Julia Silva, Luis Castillo and Cody Brais of JLL arranged the joint venture. The JV closed on the acquisition of the 20-acre site in November 2020 for $4.8 million. JLL’s leasing team of John Dunphy and Peter Cecora have been tapped to lease the asset.
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