Small Bay Daily - September 30 - Albany Road buys small bay park in Tampa for $17.6M

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NEWS ROUNDUP

ACQUISITION: Albany Road buys small bay park in Tampa for $17.6M. Albany Road Real Estate Partners has acquired Park at Bay Plaza, located at 9225-9350 Bay Plaza Boulevard in Tampa, Florida. The complex features 7 flex-industrial buildings totaling 186,239 SF. The Albany Road deal team included Luke Colbert, Brandon Hoag, and Gray Williams. Douglas Mandel, Zach Levine, and James Defusto with Marcus & Millichap represented the seller, Tavaco Properties. Harrison Pithers and Olivia Brock with JLL are currently marketing the property for lease.

ACQUISITION: Adler Properties buys Ft. Lauderdale small bay park for $11.79M. Adler Properties has acquired Fort Lauderdale Commerce Center North, located at 5440-5450 Northwest 53rd Avenue in Fort Lauderdale, Florida. The property features 61,000 SF of flex-industrial space. Jordan Beck with Berger Commercial Realty represented the seller, Midtown Capital Partners, in the transaction. Jonathan Raiffe led the Adler Properties deal team.

DISPOSITION: Douglas Elliman sells Long Island small bay for $4.425M. Douglas Elliman Commercial has facilitated the sale of Center Court Industrial Park, located at 11-32 Center Court in Center Moriches, New York. The property features 3 multi-tenant buildings totaling 22,500 SF. Michael Murphy with Douglas Elliman represented both the buyer, 1132 Moriches Realty LLC, and the seller, an affiliate of Hildreth Real Estate Advisors.

ACQUISITION: Wolf Capital Partners buys Houston small bay assets. Wolf Capital Partners has acquired 5091, 5094, and 5115 Steadmont Drive in Houston, Texas. The property features 3 buildings totaling 51,916 SF. Heath Donica and Jack Rathe with Stream Realty Partners facilitated the transaction.

ACQUISITION: Birddog Ventures buys midbay facility in Fort Worth, TX. Birddog Ventures, along with partners Peak Cortex Capital, has acquired 2820-2828 North Sylvania Avenue in Fort Worth, Texas. The property is currently fully leased to a Fortune 500 company. The Birddog deal team included Brandon Schubert, Joshua Oerke, and Jon DuCharme. Caden Strauss and Jack Lenihan with Matthews Real Estate Services facilitated the transaction.

LEASE SIGNED: Lee & Associates leases shallow bay in Tampa, FL. Lee & Associates has facilitated the leasing of 5329 West Crenshaw Street in Tampa, Florida. The property is owned by Stonelake Capital Partners and features a 34,047 SF industrial building on 2.7 acres. The new tenant is Best Supply Inc. Benjamin Ewers, Julia Silva, Jessica Mizrahi, and Erika Zipfel Thompson with Lee & Associates represented Stonelake Capital Partners in the transaction.

SMALL BAY PROPERTIES FOR SALE

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For Sale and Lease | 21,000-132,108 SF Available | 3 Class A Industrial Buildings | 21’ Clear Heights | Dock-High and Grade-Level Loading | 3-Phase Power (400-800 Amps, Expandable | Build-to-Suit Office Space | 3 Miles from I-95

Plans in Place for 48,000 SF Facility with 48 Units Across 4 Buildings | 6.03 AC | Shovel-Ready Project Includes All Entitlements, Completed Engineering, and Architectural Plans for Immediate Construction Start | Each Building Will Feature Secure Access, Insulated Construction, and Flexible Unit Configurations | Direct Access to KS-7 and Minutes to I-435/I-35 Interchange | Easy Connection to Kansas City Intl. Airport

80,000 SF Total | 2 Buildings | 100% Leased | 401 Prince George’s: 7,000-10,000 SF Units with 24-26’ Clear Heights, Dock Loading, Low Office Finish, and Fully Sprinklered | 403 Prince George’s: 17,000 SF Building with 22’ Clear Height, Drive-Through Overhead Doors, and 7,313 SF In-line Storage Bay | IOS: 23,000 SF Fenced, Lit, Secured, and Paved | Close to US-301, US-50, and I-495

SMALL BAY PROPERTIES FOR LEASE

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2,400-24,000 SF | 12'x14' Grade-Level Doors | 3-Phase Power | 24' Clear Height | Great Access to US-290 and Beltway 8

24,664 SF | Private Offices, 3 Restrooms, and Break Room | 5 Dock-High Doors | 3 Grade-Level Doors | 3-Phase Power: 240V 400 Amps | 16’-19’ Clear Heights | Close to I-35W, I-20, and I-30

200-2,000+ SF Units Available | Loading Docks, Daily Carrier Pickups, Industrial Racking, and Warehouse Equipment Included in Rent | Unique Access Code, On-site Building Manager, and 24/7 Security Cameras | Shared Kitchenette, Lounge, Bathrooms, and Conference Rooms

ONE MORE THING

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