IndCor Acquires Property in Prime Tampa Location
Indcor acquires a 201,918 square foot, multi-tenant building in Silo Bend Industrial Park in Tampa, Florida.
Online, December 11, 2013 (Newswire.com) - IndCor, a premier real estate company focused on the ownership and management of industrial properties, acquires a 201,918 square foot, multi-tenant building on Chad Lane in Silo Bend Industrial Park in Tampa, Florida.
IndCor's recent acquisition of this property proves to be a significant leasing opportunity, as 157,000 square feet of the building is currently vacant. The vacant space will likely accommodate 2 - 3 users ranging in size from 27,000 to 96,000 square feet.
The acquisition of the building in Tampa was brokered by Ed Miller, Dee Seymour and Mark McKell of Colliers International. This Colliers team will remain in place to manage the leasing of this property moving forward.
"This deal in Tampa fits well into our new initiative to pursue smaller one-off acquisitions in prime locations," says Tim Beaudin, President and CEO of IndCor. "While IndCor still actively focuses on large portfolios of $100 million, this acquisition stands to complement our existing platform in core markets."
"Chad Lane is well positioned to benefit from Tampa's improving market fundamentals," says Amy Curry, Senior Vice President of IndCor. "We are excited to grow our portfolio in the Tampa market and look forward to working with Colliers on the opportunity."
About IndCor:
IndCor Properties, Inc. (IndCor) is one of the premier real estate companies in the United States focusing on the ownership and management of industrial properties. As a comprehensive real estate operator, IndCor currently owns and manages over 100 million square feet located in over 40 key logistics markets in 24 states. IndCor is headquartered in Chicago, Illinois.
IndCor was formed in 2010 as a portfolio company of The Blackstone Group, one of the world's largest alternative asset managers and advisory firms. To learn more, visit www.indcor.com.