(TAMPA, FLORIDA) – Hines, the global real estate firm, today announced the start of construction for phase one of Tampa Commerce Center, a state-of-the-art industrial park comprised of four buildings in Tampa, Florida. This will be Hines’ first industrial project in the area.
Phase one will total nearly 400,000 square feet and will consist of two buildings built simultaneously, featuring the latest Class-A warehouse specifications. Building 100 is a 150,000-square-foot rear-load building with 32-foot clear heights. Building 400 is a 250,000-square-foot cross-dock building with 36-foot clear heights. With easy access to I-75 and I-4, proximity to Tampa’s central business district, and a diverse mix of size configurations; Tampa Commerce Center will cater to a broad set of industrial users in the e-commerce, logistics, and food and beverage sectors.
“This is an untapped market with strong growth potential for the industrial sector, we look forward to delivering a best-in-class asset to the area to meet the region’s distribution needs,” shared Ryan Wood, managing director at Hines.
Construction on phase one of Tampa Commerce Center is expected to be completed in Q4 of 2022. The project was designed by Randal Paulson Architects and is being constructed by Miller Construction Company. Hines has selected JLL to serve as the leasing agent. For more information about Tampa Commerce Center, please visit www.tampacommercecenter.com.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management valued at approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.
Since entering Europe in 1991, Hines has grown its European platform to include offices in 17 cities as well as a presence in 60 cities in 14 countries. Hines oversees investment assets under management valued at approximately €24.5 billion and provides third-party property-level services totaling 4.3 million square meters in Europe, in Austria, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain, and the United Kingdom.
Visit www.hines.com for more information.
¹Includes both the global Hines organization as well as RIA AUM as of 31 December 2021