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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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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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