Wednesday, August 19, 2015

Industrial Tampa Distribution Center Sold

In what Cushman & Wakefield Research reports as the largest single-site industrial transaction in the Tampa market since January 2010, High Street Realty has purchased the Tampa Distribution Center, a 955,000-square-foot industrial campus at 1212 N. 50th Street in Tampa, FL, for an undisclosed sum (though an industry source pegged the deal at more than $40 million). The seller, MetLife Real Estate Investors, had owned the property since 1974 according to Hillsborough County property records. Cushman executive director Mike Davis, along with senior directors Rick Brugge and Michael Lerner represented MetLife in the transaction. Cushman & Wakefield will also handle leasing and management of the facility.

"This is a prime infill industrial investment with close proximity to the growing urban core making it highly desirable for tenants from both a distribution and employment perspective," Davis told GlobeSt.com. Last week, Davis, Brugge, and Lerner completed the largest overall industrial transaction in the past six quarters when it closed the $103-million sale of a 1.7-million-square foot industrial portfolio in Pinellas County.

Built in 1973, the Tampa Distribution Center sits on a 54-acre parcel lose to the Lee Roy Selmon Expressway, I-4 and Adamo Drive. Tampa Distribution Center contains six distribution buildings with dock-high, tilt-wall construction. The center was 82% leased at the time of sale with major tenants including Lansing Building Products, Consolidated Container, Motion Industries, Ricoh and Brighton Best.

For more news and information visit Blumberg Partners.

1 comment:

  1. UNREASONABLE POSITIONS BY STEVE FINNELL

    Do some men have unreasonable positions concerning the doctrines of God?

    The apostle Paul reasoned with men using the Scriptures, however, all men are not reasonable. Acts 17:1-2 ...they came to Thessalonica...2 Then Paul, as his custom was, went into them, and for three Sabbaths reasoned with them from the Scriptures,(NKJV) The problem was, those at Thessalonica were unreasonable, because they were not fair minded. Acts 17:10-11 Then the brethren immediately sent Paul and Silas away by night to Berea. When they arrived, they went into the synagogue of the Jews. 11 These were more fair-mind than those in Thessalonica, in that they received the word with all readiness, and searched the Scriptures daily to find out whether these things were so,(NKJV)

    The Berean Jews were reasonable people, they searched the Scriptures for the truth concerning God's doctrine.

    Are men today reasonable or unreasonable in their views of God's doctrine?

    1. Matthew 24:27,36 "For as the lightning comes from the east and flashes to the west, so also will the coming of the the Son of Man be. 36 "But of that day and hour no one knows, no not even the angels of heaven, but My Father only.(NKJV)

    Some men contend that Jesus Christ is also God the Father, however, Jesus said only the Father knows when He will return. Is it reasonable believe that Jesus is God the Father? No it is not, it is an unreasonable understanding of God's doctrine.

    They searched the Scriptures daily to find out whether these things were so.

    2. Mark 16:16 "He who believes and is baptized will be saved..(NKJV)

    Is it reasonable to believe that He who was baptized was saved before baptism because they were saved as soon as they believed? No, that is an unreasonable assumption.

    They searched the Scriptures daily to find out whether these things were so.

    3. John 8:21-24 ...24 "Therefore I said to you that you will die in your sins; for if you do not believe that I am He, you will die in your sins.(NKJV)

    Is it reasonable to deny that Jesus is the one and only Son of God, the only way to heaven, and still have your sins forgiven? No, it is unreasonable to conclude that there are various and sundry Saviors. There is only one Savior for mankind and that is Jesus Christ. Only one way to have sins forgiven.

    They searched the Scriptures daily to find out whether these things were so.

    It takes unreasonable men to search the Scriptures and believe false doctrine.

    You have to be unreasonable to believe it took billions of years for God to create the heavens and the earth.

    You have to be unreasonable to believe that water baptism is not essential for the forgiveness of sins.

    You have to be unreasonable to believe that men today can be saved like the thief on the cross.

    You have to be unreasonable to conclude that God preordained a select few for salvation and preordained all those not selected to burn in hell for eternity.

    You have to be unreasonable to believe once a man is saved he can never be lost.

    You have to be unreasonable to believe you can worship the Virgin Mary, by praying to her, without facing God's displeasure.

    You have to be unreasonable to believe the false doctrine of original sin. Do you really believe men will be sent to hell because Adam sinned? Men will be sent to hell because of their own unforgiven sin, not because of Adam's sin.

    Reasonable repentant men who prayerfully search the Scriptures will not reach unreasonable conclusions concerning God's doctrine.

    Were the Bereans searching the Scriptures to prove that some denominational doctrine was correct, or were they searching for God's truth?

    YOU ARE INVITED TO FOLLOW MY BLOG. http://steve-finnell.blogspot.com






    Posted by Steve Finnell at 2:20 PM No comments:
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