A significant industrial development is set to transform a parcel of land in Thonotosassa, Florida. Dallas-based commercial real estate giant Trammell Crow Co. has acquired 10 acres in Hillsborough County, with plans to construct a substantial, single-story industrial center. This project, named the New Tampa Commerce Center, is poised to add significant warehouse space to the region.
Key Takeaways
- Trammell Crow Co. is developing a 136,714-square-foot industrial warehouse in Thonotosassa.
- The project, named the New Tampa Commerce Center, is scheduled for completion by January.
- The developer purchased the 10-acre site for $5.65 million.
Project Details
The New Tampa Commerce Center will feature a 136,714-square-foot warehouse located at 9447 E. Fowler Ave. in Thonotosassa, a community situated in the northeast section of Hillsborough County, just outside of Tampa. The facility is designed as a shallow bay warehouse with a 32-foot clear height, catering to modern industrial needs. Construction is slated for completion by January.
Property Acquisition
Trammell Crow Co. secured the 10-acre property for $5.65 million, according to county records. This transaction involved the acquisition from the previous owner, Happy Travel RV Park & Resort, which had purchased the land for $7.68 million in 2022. While Trammell Crow lists the address as 9447 E. Fowler Ave., county property records indicate the site as 9401 E. Fowler Ave.
Developer’s Track Record
Trammell Crow Co., a subsidiary of CBRE Group, boasts a substantial development pipeline. As of December 31st, the company had over $10.1 billion worth of projects in development, underscoring its significant presence and ongoing activity in the commercial real estate sector.
Sources
- Dallas developer to build Thonotosassa industrial center, Business Observer.