LBA Realty Acquires Four Corners Business Park In Davenport From Stephen A. Schwarzman For $104M

The Four Corners Business Park, an industrial complex situated at 4500 Home Run Boulevard in Davenport, has been sold. The property encompasses three buildings totaling nearly 800,000 square feet and features a sale price of $104 million. The market for this transaction is identified as Davenport, with the price per square foot calculated at $130.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $104,000,000
• Square Footage: 800,000
• Address: 4500 Home Run Boulevard
• Market: Davenport
• Buyer: LBA Realty
• Seller: Stephen A. Schwarzman - Blackstone
• Brokers: Frank Fallon, Jose Lobon, Royce Rose & Trey Barry - CBRE

This transaction reflects a significant movement within Tampa Bay's industrial market, attributed to renewed investor interest following a reduction in warehouse investment sales since 2022. Cargill and ReadyRefresh are among the notable tenants currently occupying the business park, which is strategically situated between Interstate 4 and U.S. Highway 27.