Tampa Industrial Park’s $45M Sale Part of EastGroup’s $221M Pending Projects
Jackson, MS-based EastGroup Properties, Inc., is under contract to sell Jetport Commerce Park in Tampa, FL, an 11-building park totaling 284,000 square feet, for $45 million. The upcoming sale is part of the company’s $221 million of pending business.
EastGroup is also under contract to purchase four multi-tenant business distribution buildings totaling 547,000 square feet for $135 million in San Diego, CA. The buildings are 66% leased adjacent to other company-owned properties that are 100% leased.
EastGroup has begun construction of LakePort 4 & 5 in Dallas, TX, which will contain 177,000 square feet and have a projected total cost of $22 million. They will adjoin the company’s LakePort 1-3 properties, which are 100% leased.
Finally, EastGroup has executed a lease to fully occupy World Houston 47 in Houston, TX, upon completion. The construction of this property, which will contain 139,000 square feet, has a projected total cost of $19 million.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.