Green Courte Partners Expands Footprint with Acquisition of Tampa’s 1650 Hemlock Street
CHICAGO, June 17, 2025 – Green Courte Partners, LLC, a leading private equity real estate investment firm, has announced its latest investment in the niche sector of industrial outdoor storage (IOS) by acquiring the 32-acre facility located at 1650 Hemlock Street, Tampa, Florida. This strategic purchase is part of its sixth investment fund, Green Courte Real Estate Partners VI, LLC.
Location & Significance
The property is strategically situated in the East Tampa industrial submarket, adjacent to Port Tampa Bay, enhancing its accessibility to vital shipping and transportation networks. This prime location is expected to meet the growing demand for industrial outdoor storage, a sector that has experienced significant growth in recent years.
Key Features of the Acquisition:
- Size: 32 acres
- Location: East Tampa industrial submarket
- Proximity to: Port Tampa Bay
The acquisition not only adds valuable real estate to Green Courte’s portfolio but also paves the way for future development opportunities.
Partnership with Hendry Marine Industries
The seller, Hendry Marine Industries, Inc., will lease back a portion of the facility, which includes 1,600 linear feet of marine bulkhead. This arrangement allows Hendry Marine, along with Moran Environmental Recovery, LLC, to utilize approximately half of the site while Green Courte plans to redevelop the remaining 16 acres into well-located IOS space.
Statement from Green Courte
Jordan Kerger, Managing Director at Green Courte, stated:
“With stable, long-term income in place combined with additional near-term redevelopment potential, 1650 Hemlock Street offers the flexibility to meet the needs of a wide variety of IOS users. The property’s direct waterfront access, heavy-industrial zoning, and proximity to port and rail infrastructure make it an ideal fit for our long-term IOS strategy.”
Complex Transaction Highlights
Mike Hendry of Hendry Marine Industries acknowledged the complexities involved in the deal:
“This was a complex transaction. We appreciated Green Courte’s professionalism and solution-oriented approach throughout the process. We’re excited to continue the relationship and maintain 1650 Hemlock Street as part of our long-term home in Tampa.”
Leasing Opportunities
For those interested in leasing ISO space at the new facility, inquiries can be directed to Brad Hutton at Franklin Street at (813) 793-8492 or via email.
About Green Courte Partners
Green Courte Partners, LLC is based in Chicago and focuses on building industry-leading companies within niche real estate sectors. Their investments span several areas, including:
- Active-adult/independent senior living
- Land-lease communities
- Industrial outdoor storage
- Near-airport parking
The firm adopts a disciplined approach to transactions, operations, and asset management, aiming to deliver attractive risk-adjusted returns over long-term holding periods. For more information, you can visit Green Courte’s official website.
This latest acquisition solidifies Green Courte Partners’ commitment to expanding its national footprint in the growing industrial outdoor storage market, positioning them for future success.