East Capital Partners, through a joint venture with Westport Capital Partners, acquired a three-building industrial portfolio in Tampa using $23.15 million in acquisition financing. The transaction adds 169,055 square feet of industrial space in two established submarkets with limited availability for smaller industrial users.
Key Takeaways
- East Capital Partners acquired a three-building industrial portfolio in Tampa.
- The acquisition was financed with a $23.15 million loan arranged by JLL through GID Credit.
- The portfolio totals 169,055 square feet and is approximately 90% leased to 11 tenants.
- The properties are located in the Tampa Airport and Tampa East industrial submarkets.
- The assets provide access to Interstates 275, 4 and 75, along with major logistics facilities across the region.
The East Capital Partners Tampa industrial portfolio acquisition has been completed through a joint venture with Westport Capital Partners, supported by a $23.15 million acquisition loan arranged by JLL through GID Credit. The off-market transaction adds three industrial buildings totaling 169,055 square feet in Tampa and expands the joint venture’s industrial holdings within established logistics submarkets.
The acquired assets are located at 5501 Pioneer Park Blvd., 5519 Pioneer Park Blvd., and 9704 Solar Drive. The buildings serve a mix of industrial occupiers and include warehouse and office space designed for small- and mid-sized users operating in the Tampa market.
The financing package was structured as an acquisition loan totaling $23.15 million. JLL arranged the financing, while GID Credit provided the lending for the transaction. Similar Tampa commercial financing activity has also been recorded across other property sectors.
The acquisition involves properties situated in the Tampa Airport and Tampa East industrial submarkets, areas that continue to attract industrial tenants because of their transportation access and established distribution infrastructure.
East Capital Partners Tampa Industrial Portfolio Acquisition Completed
The transaction includes three industrial buildings with a combined area of 169,055 square feet. The acquisition was completed as an off-market sale through the joint venture between East Capital Partners and Westport Capital Partners.
The portfolio is approximately 90% leased to 11 tenants. Existing occupancy provides an established tenant base across the three properties at the time of acquisition.
The buildings combine warehouse and office accommodations, allowing tenants to operate distribution, storage and administrative functions within the same facilities.
The portfolio expands the joint venture’s industrial presence in Tampa through assets positioned within established employment and logistics corridors rather than newly developed industrial districts. Comparable Southeast logistics portfolio acquisitions demonstrate continued investment in regional industrial assets.
Financing Arranged Through JLL and GID Credit
JLL served as the financing advisor for the acquisition, arranging the $23.15 million loan used to complete the purchase.
GID Credit provided the acquisition financing for the transaction. The financing supports the purchase of all three industrial properties included in the portfolio.
The financing structure enabled the acquisition of stabilized industrial assets with existing tenancy. No additional financing terms were publicly disclosed.
The transaction illustrates continued lender participation in acquisitions involving leased industrial properties located in established commercial submarkets. Financing remains a central component of commercial property investment activity across multiple asset classes.
Portfolio Includes Three Industrial Buildings and Existing Tenants
Portfolio Occupancy and Tenant Mix
The portfolio is leased at approximately 90% occupancy across 11 tenants.
The presence of multiple tenants provides occupancy across all three industrial assets rather than reliance on a single occupant.
The available information identifies warehouse and office uses within the buildings but does not disclose tenant identities or lease terms.
The properties are located at:
- 5501 Pioneer Park Blvd.
- 5519 Pioneer Park Blvd.
- 9704 Solar Drive
Building Specifications
The buildings include warehouse configurations supported by office space and industrial infrastructure.
Property features include clear heights ranging from 18 to 22 feet.
The portfolio also includes 25 dock-high loading doors that support truck loading and distribution activities.
Six drive-in doors provide additional access for vehicles and equipment.
Each building is equipped with three-phase electrical power, supporting industrial operations that require higher-capacity electrical service.
These physical characteristics accommodate a variety of warehouse, light industrial and distribution uses.
Property Features Support Warehouse and Industrial Operations
The portfolio’s warehouse design incorporates loading infrastructure commonly used by industrial tenants handling freight movement and inventory storage.
Dock-high loading positions provide access for trailer-based shipping operations, while drive-in doors allow direct vehicle entry into warehouse space.
Clear heights between 18 and 22 feet create usable vertical storage capacity for warehouse operations.
Three-phase electrical service supports equipment typically used in industrial facilities, including manufacturing, fabrication, storage and logistics operations requiring higher electrical loads.
The combination of warehouse areas and office space allows occupiers to conduct operational and administrative functions from the same location.
The properties were acquired with existing occupancy, providing operational industrial space within established business locations rather than newly delivered developments.
Tampa Submarket Conditions Provide Strategic Location Advantages
Access to Regional Transportation Networks
The portfolio is located within the Tampa Airport and Tampa East industrial submarkets.
The properties offer access to Interstate 275, Interstate 4 and Interstate 75, providing connections throughout the Tampa Bay region and beyond.
The locations also provide access to Tampa International Airport, Port Tampa Bay, the CSX intermodal terminal and downtown Tampa.
These transportation links support freight movement through highway, air, rail and maritime networks.
The proximity to multiple transportation assets positions the buildings within established industrial corridors serving warehouse and logistics users.
Small-Bay Industrial Supply Conditions
The acquired buildings are located in submarkets where vacancy for small-bay industrial space remains limited.
Available market information indicates that much of the region’s recent industrial development has centered on larger distribution facilities located outside Tampa’s core industrial areas.
That development pattern has resulted in relatively limited new supply designed specifically for smaller industrial users operating within established submarkets.
The acquired portfolio consists of existing industrial buildings already serving multiple tenants, aligning with available inventory in these locations.
The combination of established occupancy, transportation access and industrial building features places the portfolio within active segments of Tampa’s industrial property market.
Frequently Asked Questions
What properties are included in the East Capital Partners Tampa industrial portfolio acquisition?
The acquisition includes three industrial buildings located at 5501 Pioneer Park Blvd., 5519 Pioneer Park Blvd. and 9704 Solar Drive in Tampa, totaling 169,055 square feet.
How much financing supported the Tampa industrial portfolio purchase?
The acquisition was financed with a $23.15 million acquisition loan arranged by JLL through GID Credit.
Which companies participated in the acquisition and financing?
East Capital Partners acquired the portfolio through a joint venture with Westport Capital Partners. JLL arranged the financing, and GID Credit provided the acquisition loan.
What features do the industrial buildings include?
The buildings include warehouse and office space, 18- to 22-foot clear heights, 25 dock-high loading doors, six drive-in doors and three-phase electrical power.
Where are the acquired Tampa industrial properties located?
The properties are located within the Tampa Airport and Tampa East industrial submarkets, with access to Interstates 275, 4 and 75, Tampa International Airport, Port Tampa Bay, the CSX intermodal terminal and downtown Tampa.
