Avison Young adds another asset to growing Tampa industrial leasing portfolio; EastGroup Properties’ 211,525 square foot Walden Distribution Center I & II
Newly formed power team of Trey Carswell and Lisa Ross secure new assignment
Tampa, FL — Avison Young announced today that it has been awarded the leasing assignment for EastGroup Properties’ Walden Distribution Center I and II, two class A industrial buildings spanning 211,525 square feet at 2401 Police Center Drive in Plant City, Florida. This new assignment is an expansion of the 1,354,000-square foot portfolio that Trey Carswell, Principal with Avison Young, represents for EastGroup.
“Plant City is at the epicenter of Central Florida’s distribution hub – about 25 miles east of Tampa, immediately west of Lakeland, and 70 miles west of Orlando – and its 5 percent vacancy rate is reflective of the activity along the I-4 corridor,” said Carswell, who will partner on this assignment with Lisa Ross, who recently joined Avison Young as Senior Vice President. “Walden Distribution Center’s one availability – an end unit spanning 32,953 square feet – is positioned for quick lease-up as the area is faced with high demand and a relative lack of available product for users seeking to be in this burgeoning market.”
Built in 1998, Walden Distribution Center features two tilt-wall buildings with 26-foot clear height, dock high, 200-foot depth and rear loading. Located between I-75 and U.S. Route 27 and within three miles of I-4, the most traversed thoroughfares in the region are easily accessible from the building.
“Evident by the 20 percent increase in e-commerce sales this holiday season over last year, according to MasterCard SpendingPulse, online shopping and e-commerce continue to take larger shares of consumer shopping,” continued Carswell. “We’re seeing an uptick of companies seeking logistics solutions to create fulfillment efficiencies to keep up with demand.”
Three years since opening its first Florida office, Avison Young has strategically grown its footprint from one office and 30 employees to representation in all key geographic locations within the state and 150 employees.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,100 real estate professionals in 75 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup’s portfolio currently includes over 36 million square feet.