JLL has been tapped to lead the leasing efforts for a commercial real estate portfolio consisting of five industrial parks, totaling approximately 1.7 million square feet in Pinellas County. The owner of the five properties, Evergreen Industrial Properties, purchased the portfolio of industrial parks for $103 million from Miami-based Fleeman Family Trust. The portfolio consists of the Gateway Business Center, Gateway Business Park, Metropointe Commerce Park, Westbay Corporate Center, and Joe’s Creek Industrial Park. All are located within the Gateway and South Pinellas industrial submarkets in the Tampa and St. Petersburg area. The portfolio is 84 percent leased and includes high caliber tenants such as Lockheed Martin, Jabil Circuit, and FedEx. JLL’s Senior Vice Presidents John Dunphy and Scott Altieri are spearheading the leasing efforts on behalf of the owners.
“We expect leasing activity to remain strong in the Gateway and South Pinellas industrial submarkets as companies seek expansion and industrial properties suitable for various uses, including a corporate headquarters,” said JLL’s John Dunphy. “We expect to see strong rental growth due to the area’s strategic location between Tampa and St. Petersburg.”
