Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Refresco Beverages, an industrial property located in Tampa, for $39.25 million. Cushman & Wakefield’s Rick Brugge, Mike Davis, Rick Colon and Dominic Montazemi, with support from Brooke Tulley and Zach Eicholtz, represented the seller, RealOp Investments, in the transaction. The property was acquired by EQT Exeter.
“This offering enabled the buyer to invest in a high-quality, infill industrial building with good tenancy. The property is in an irreplaceable location, offering the opportunity to leverage Tampa’s booming economy to achieve long-term growth,” said Brugge, Executive Managing Director at Cushman & Wakefield.
EQT makes a major investment in Tampa
EQT describes itself as a purpose-driven global investment organization. The organization has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies.
The company invests in good companies across the world with a mission to help them develop into great and sustainable companies. By providing access to ownership skills and operational expertise, EQT can help portfolio companies grow and prosper, both under EQT’ownership and with future owners.
Located at 5210 S 16th Ave., the Refresco Beverages property totals 364,084 square feet and is fully leased by Refresco Beverages. Key features include 27-foot clear heights, front load docking bays, 50 trailer parking spaces and approximately 9.59 acres of industrial land that can be used for potential expansion or additional development. Tampa’s major transportation arteries along with Highway U.S. 41, Selmon Expressway and Interstate 14 are also easily accessible from the property.
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