LBA Realty Acquires Industrial Property In Tampa For $32M

The industrial property located at 4130 W. Gandy Boulevard in Tampa has been sold. The property spans 645,241 square feet and was sold for a price of $32,000,000, resulting in a price per square foot of $50. The buyer of the property was LBA Realty, while the seller was Macy's. The transaction was facilitated by brokers Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Gary Gabriel, Adam Spies, and Anthony Pasqual from Cushman & Wakefield.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $32,000,000
• Square Footage: 645,241
• Price per Square Foot: $50
• Address: 4130 W. Gandy Boulevard, Tampa
• Market: Tampa

The deal involved the collaboration of multiple individuals and companies. The brokers who represented the buyer and seller in the transaction were Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Gary Gabriel, Adam Spies, and Anthony Pasqual from Cushman & Wakefield. Their expertise and negotiation skills played a crucial role in facilitating the successful sale of the industrial property.