Jeffrey C. Hines & Laura Hines-Pierce Acquire Industrial Property In Tampa For $56.1M

The property asset involved in the transaction is a 415,717-square-foot industrial warehouse located at 1820 Massaro Boulevard in Tampa, FL. The sale price was $56,100,000, reflecting a price per square foot of $135. The asset encompasses 26.7 acres and was built in 1975. It is currently fully leased, with Builders FirstSource occupying a significant portion as a tenant.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $56,100,000
• Address: 1820 Massaro Boulevard
• Market: Tampa, FL
• Acres: 26.7
• Square Footage: 415,717
• Price Per Square Foot: $135
• Buyer: Jeffrey C. Hines & Laura Hines-Pierce - Hines
• Seller: Christopher Caswell - Hove Street Properties
• Broker: Cushman & Wakefield

Key individuals involved in the transaction include Jeffrey C. Hines and Laura Hines-Pierce, who are affiliated with Hines, and Christopher Caswell, representing Hove Street Properties. The transaction was facilitated by Cushman & Wakefield, the brokerage company handling the deal.