EML Realty Partners And Greenspring Realty Partners Acquire Fully Leased Industrial Properties In Florida For $7.45M

EML Realty Partners, led by Eric Levitt, and Greenspring Realty Partners, headed by Dan Flamholtz and David Berg, have recently completed the acquisition of two fully leased industrial properties in Florida. The first property is located at 209-211 South Alexander Street in Plant City, offering a 60,491 square-foot building. The second property is an industrial facility situated at 5582 Commercial Boulevard in Winter Haven, spanning across 31,389 square feet. Both acquisitions were made in accordance with the investment strategy of EML Realty Partners and Greenspring Realty Partners: purchasing below replacement cost and identifying value-add opportunities in highly sought-after distribution areas.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,450,000
• Address: 209-211 South Alexander Street, Plant City & 5582 Commercial Boulevard, Winter Haven
• Market: Plant City & Winter Haven
• SF: 91,880
• PPSF: $81

The deal was spearheaded by EML Realty Partners' Eric Levitt and Greenspring Realty Partners' Dan Flamholtz and David Berg. By acquiring these two fully leased properties in Florida, the companies have demonstrated their expertise in identifying and capitalizing on opportunities in high-demand distribution areas, while adhering to their investment strategy of below replacement cost purchases. The industrial assets acquired in Plant City and Winter Haven further strengthen their portfolio in these thriving markets.