Rishi Kapoor - Investcorp Acquires Clearwater Business Park For $38.75M

The Waterside Business Center, an industrial asset located at 131000-13191 56th Court North in Clearwater, was recently sold for $38,750,000. Spanning 284,170 square feet, the property boasts a price per square foot of $136 and offers a mix of industrial and flex space. Its strategic location near major transportation routes and amenities in Pinellas County adds to its appeal.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $38,750,000
• Buyer: Rishi Kapoor - Investcorp
• Seller: Ben Genet - Genet Property Group
• Market: Clearwater

Investcorp, a company based in New York, completed the acquisition of The Waterside Business Center in Clearwater, Florida from Genet Property Group. The transaction reflects Investcorp's interest in expanding its industrial property portfolio and leveraging the advantageous features of the business park for potential growth opportunities.