Now is the time to ‘reinvest’ in good properties

There has never been a better time than NOW to reinvest in good properties and move forward with development of future commercial real estate. The current historically low interest rates and construction costs make it an ideal time to ‘reinvest’ in your business. 

We have embarked upon major improvements to buildings and land we own in the 200 acre Tampa East Industrial Park. At our Mark 60 building, 2604 Tampa East, we are installing a state of the art security system, updating the tenant and building signage, and are in the final phase of its roof replacement. We are in the engineering and permitting stage on our remaining 16 acres of industrial land and plans are being developed for multiple 10,000 sf+ office/warehouse buildings with outside storage. With its easy access to US 301, SR 60, I-4 and I-75, Tampa East Industrial Park is one of the premier locations in Hillsborough County for warehousing and distribution.

Elsewhere, we are completing improvements to the 360,000 sf office/warehouse project known as Centreport 60, located on Adamo Drive (SR 60) next to IKEA. Roof replacements are continuing and sub-metering of all electric is being completed. The final touches include repainting a building and updating the fire alarm and monitoring system.

Our tenants are very pleased with the improvements. We believe these improvements will not only enhance the overall look and functionality of the industrial parks, but will increase the marketability for attracting (and keeping) tenants.

The commercial real estate market is more competitive now than it has ever been. The timing is right to make the necessary improvements to existing properties and start planning and developing for future office/warehouse/commercial real estate needs.