Link Logistics has sold a 137,359-square-foot warehouse in eastern Hillsborough County for $18.3 million, marking a significant commercial real estate transaction in the Tampa Bay region. The property, located in Interstate Business Park, was acquired by an affiliate of Los Angeles-based investment manager PCCP as part of a broader logistics-property portfolio.
Key takeaways
The transaction highlights the continued investment interest in strategically located industrial properties across the Tampa market.
- Sale price: $18.3 million
- Property size: 137,359 square feet on 9.8 acres
- Buyer: An affiliate of PCCP
- Seller: Link Logistics, through DH Tampa LLC
- Implied price: Approximately $133 per square foot
Warehouse occupies a strategic Tampa location
The warehouse is positioned between U.S. 301 and Interstate 75 in Interstate Business Park, providing access to major transportation routes serving the Tampa Bay area and wider Florida markets. Its location and scale make it suitable for distribution, storage and other logistics operations.
Built in 2008, the facility was originally developed for Iron Mountain, which leased the entire building through August 2025. Iron Mountain continues to identify the property as an operating Tampa location, although the current lease terms were not publicly available.
PCCP expands logistics real estate holdings
The buyer, SP Logistics Tampa Owner LLC, acquired the warehouse on behalf of PCCP. The Los Angeles investment manager reported $29.3 billion in assets under management at the end of 2025, giving it substantial capacity to pursue industrial and logistics properties.
The purchase reflects the appeal of warehouses with established occupants and access to major road networks. Industrial properties remain an important segment of commercial real estate as businesses continue to require distribution and storage capacity near population centers.
Tampa purchase tied to larger financing structure
Loan documents connect the Tampa buyer with 15 additional entities that own logistics properties in markets including Orlando, Atlanta, Austin, Phoenix, Denver, San Diego, Charlotte, Fort Worth and Baltimore.
Together, the entities are associated with $723.6 million in financing, with JPMorgan Chase serving as administrative agent. The documents identify the financing arrangement as Project Stellar, indicating that the Tampa acquisition is part of a broader investment strategy rather than an isolated purchase.
Transaction adds momentum to Hillsborough County industrial market
At roughly $133 per square foot, the sale provides another data point for the value of large industrial properties in Hillsborough County. The combination of a sizable building, a nearly 10-acre site, an established operating location and proximity to Interstate 75 likely contributed to the property’s investment appeal.
The deal also demonstrates how national investment managers continue to participate in Tampa’s industrial market, particularly through portfolios that combine properties across multiple high-growth U.S. logistics hubs.
Sources
- Tampa Warehouse Sells for $18.3 Million, Tampa Bay Business and Wealth.