Picture courtesy of EFAFLEX Schnelllauftore through Pixabay.jpg
NorthPoint Growth has acquired a four-parcel website in San Antonio, Fla., that would be the future residence of a Goal achievement middle, in response to Tampa Bay Enterprise Journal. The agency acquired the 170-acre property for $59 million from Chestnut Hill Investments, public information present. Cushman & Wakefield marketed the asset on behalf of the vendor.
Chestnut Hill’s improvement plans for the 4 parcels that make up I-75 Logistics Middle had initially featured 1.1 million sq. toes of business area, to be delivered in a two-building design or in a single-building configuration.
As an alternative, the positioning will probably be residence to a 1.4 million-square-foot industrial constructing with 1,874 toes of frontage on Interstate 75. Goal Corp. will use the power as an e-commerce achievement middle. The undertaking is predicted to carry 2,400 jobs to Pasco County.
The property’s location, on the northeast quadrant of Interstate 75 and State Street 52, supplies distribution entry to many Florida markets, together with Tampa Bay and Orlando.
Bringing higher roads to the world
NorthPoint acquired approval from the Pasco Board of County Commissioners for the commercial undertaking in June, in response to a Patch report. Whereas the main focus is to construct out I-75 Logistics Middle, the developer’s plans additionally name for practically $10 million in street enhancements within the space. The agency additionally acquired a 51-acre parcel north of I-75 Logistics Middle in September, in response to public information.
In addition to its Pasco County undertaking, NorthPoint has a number of industrial properties all through Florida together with in Jacksonville, Ocala, Brookville and Tampa. One in all these properties is Tampa Airport Logistics Middle.
