Dallas-based commercial real estate giant Trammell Crow Co. has purchased 10 acres in Thonotosassa, Florida, for the development of a new industrial center. The project, named the New Tampa Commerce Center, will feature a 136,714-square-foot warehouse and is slated for completion by January.
Key Takeaways
- Trammell Crow Co. is developing a 136,714-square-foot industrial warehouse on 10 acres in Thonotosassa.
- The New Tampa Commerce Center will have a 32-foot clear height and is scheduled for completion in January.
- The property was acquired for $5.65 million.
Project Details
The New Tampa Commerce Center will be a single-story, shallow bay warehouse designed to meet the growing demand for industrial space in the Tampa Bay region. The facility will boast a 32-foot clear height, offering ample vertical storage capacity.
Strategic Location
The 10-acre site is located at 9447 E. Fowler Ave. in Thonotosassa, a community situated in the northeast corner of Hillsborough County, just outside of Tampa. This strategic location provides excellent access to major transportation routes, facilitating efficient logistics and distribution.
Acquisition and Developer Background
Trammell Crow Co. acquired the property for $5.65 million. The previous owner, Happy Travel RV Park & Resort, had purchased the land for $7.68 million in 2022. Trammell Crow Co., a subsidiary of CBRE Group, has a significant development pipeline, with $10.1 billion in projects as of December 31st, underscoring its substantial presence in the commercial real estate market.
Sources
- Dallas developer to build Thonotosassa industrial center, Business Observer.