TAMPA, FL (September 3, 2020) – Franklin Street, on behalf of the seller, has arranged the disposition of a 65-acre development site in South Hillsborough County, where construction is underway on a 492,156-square-foot, Class A distribution center. Seefried Industrial Properties, Inc. acquired the land for $9.6 million and is developing the build-to-suit project for Home Depot. The home improvement giant pre-leased the facility in its entirety.
Franklin Street Regional Managing Partner Patrick Kelly, along with Redstone Commercial’s Frank Ryon, represented a private seller in the transaction.
“As consumers expect shorter delivery times for goods ordered online, this site in South Hillsborough County will improve Home Depot’s ability to quickly fulfill orders in the Tampa Bay market via U.S. 41, I-75 and I-4,” said Kelly. “Working with Seefried Industrial, one of the elite industrial developers in the country, to get this project underway was a rewarding professional experience.”
At 7075 U.S. Highway 41 S., the development site is situated at the intersection of U.S. 41 and Big Bend Road in Gibsonton, approximately 15 miles south of downtown Tampa. The property is also convenient to Port Tampa Bay.
Seefried Industrial Properties, Inc., based in Atlanta, develops Class A industrial facilities in major markets throughout the country. The Home Depot distribution center is slated for completion in the third quarter of 2021.
About Franklin Street: Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With more than $5 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the company has offices in Fort Lauderdale, Jacksonville, Miami, Orlando and Atlanta. Learn more about Franklin Street at FranklinSt.com.