Marcus & Millichap brokers Tampa industrial sale

Miami /
Aug.August 06, 2016 11:00 AM

Commercial real estate brokerage Marcus & Millichap announced the sale of a 70,800-square-foot industrial property in Tampa called IMF Business Park for an undisclosed price.

Steve Dolinsky, associate, and Luke Elliott, senior vice president investments, both based in the Tampa office of Marcus & Millichap, had the exclusive listing for the property.

Dolinsky and Elliott also secured and represented the buyer. Both the buyer and seller are private investors.

“The buyer’s plans to revitalize IMF Business Park marks another step toward east Tampa’s path to progress,” Dolinsky said in a written statement.

IMF Business Park comprises two multi-tenant industrial buildings in Tampa at 2502 East Wilder Avenue and 5107 North 22 Street. The location is near Interstate 275 and U.S. Highway 41.

The sale included the two buildings and a third parcel that serves as a retention area.

“After casting a wide marketing net, the selected buyer ended up coming from out of the area, but saw the value in the Tampa Bay market,” Elliott said in a written statement.


Related Articles

arrow_forward_ios
From left: Michael Helpern, Richard Hottinger and Norma Jean Callahan
Movers & Shakers: Ackman-Ziff hires Michael Helpern as director & more
Movers & Shakers: Ackman-Ziff hires Michael Helpern as director & more
Clockwise from left: A rendering of Water Street Tampa, Ian Schrager, Jeff Vinik, Patrick Mahomes, rendering of Tampa Edition, Bill Gates and Tom Brady (Photos via Getty; Water Street Tampa/Photo Illustration by Kevin Rebong for The Real Deal)
Development boom in Super Bowl city: Tampa reaches for its real estate moment
Development boom in Super Bowl city: Tampa reaches for its real estate moment
David Purisch and Duff Rubin
Movers & Shakers: Duff Rubin takes over Coldwell Banker in Florida & more
Movers & Shakers: Duff Rubin takes over Coldwell Banker in Florida & more
Michael Betancourt, Tyler Kuhlman & Dustin Ozga
Movers & Shakers: Colliers hires new brokerage director & more
Movers & Shakers: Colliers hires new brokerage director & more
Mayor Bud Scholl and EverWest CEO Rick Stone with 1101 East 33rd Street, Hialeah (City of Sunny Isles Beach, EverWest)
Sunny Isles mayor sells Hialeah warehouse for $13M
Sunny Isles mayor sells Hialeah warehouse for $13M
Mihaela Coprean and Alfonso Costa Jr.
Movers & Shakers: Falcone Group hires HUD’s former deputy chief of staff, Metropica taps biz development director & more
Movers & Shakers: Falcone Group hires HUD’s former deputy chief of staff, Metropica taps biz development director & more
Michael S. Sheitelman and Josh Bank
Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more
Movers & Shakers: HTG hires Crescent Heights’ former general counsel & more
Rendering of the project and John Catsimatidis (Credit: Arquitectonica via Tampa Bay Times)
Catsimatidis scores approval for $300M tower in St. Petersburg
Catsimatidis scores approval for $300M tower in St. Petersburg
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...