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9300 28th Street North

Updated Jul 24, 2026

Gregory S. Bates Of GID Acquires Industrial Portfolio From Charles Emond Of Le Caisse For $192M
SOLDIndustrial

Gregory S. Bates Of GID Acquires Industrial Portfolio From Charles Emond Of Le Caisse For $192M

9300 28th Street North, 2891 Gateway Centre Parkway, 2003 Gandy Boulevard North, 2003 Gandy Boulevard, 2005 Gandy Boulevard, 2007 Gandy Boulevard, 9700 18th Street North, 9900 18th Street North, 9965 18th Street North, 10040 18th Street North & 1790 Commerce Avenue North

$192,000,000

$18/SF

Building Size

933,000 SF

Asset Type

Industrial

Closing

Jul 21, 2026

About this deal

AI

GID acquired an industrial portfolio consisting of 10 buildings totaling 933,000 square feet from a La Caisse affiliate for a sale price of $192 million. The properties are strategically located in the Gateway submarket, situated between Pinellas Park and St. Petersburg, Florida. The buildings were constructed between 1997 and 2003, contributing to the overall asset value in the industrial market of the region.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $192,000,000
  • Buyer: Gregory S. Bates - GID
  • Seller: Charles Emond - Le Caisse
  • Square Footage: 933,000
  • Price Per Square Foot: $206
  • Market: Pinellas Park & St. Petersburg, FL
This transaction was facilitated by Gregory S. Bates representing GID and Charles Emond representing Le Caisse, showcasing the collaboration between these entities in acquiring a significant industrial asset in Florida.

On the Map

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$192,000,000

$18/SF

Industrial

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Players

GB

Gregory S. Bates

GID

Buyer

$340.5M

vol

3 deals

Buyer
Charles Emond

Charles Emond

Le Caisse

Seller

$252M

vol

2 deals

Seller
Bilt advertisement

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $18 per square foot on a published $192M for 10,263,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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