Clarion Partners Acquires Tampa Airport Logistics Property For $55.6M

The Tampa Airport Logistics property located at 5450 Johns Road & 5416 West Sligh Avenue has been sold in a closed transaction. The industrial property spans 19 acres and consists of a 297,254-square-foot facility. The sale price for this transaction was $55,600,000, with a price per square foot of $187.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $55,600,000
• Address: 5450 Johns Road & 5416 West Sligh Avenue
• Market: Tampa
• Acres: 19

Dominic Montazemi, Rick Brugge, Rick Colon, Ryan Jenkins, Mike Davis, and Chloe Strada with Cushman & Wakefield represented the buyer and seller in this transaction. The buyer, David Gilbert, was represented by Clarion Partners, a New York-based real estate investment firm. Carolyn Powell, representing Pacific Coast Capital Partners, acted as the seller's representative. This purchase expands Clarion's national portfolio, which predominantly comprises industrial assets totaling $45 billion in assets under management and 243 million square feet. The Tampa Airport Logistics property is fully leased, with an average tenant term of six years.