6005 Benjamin Road in Tampa, Florida — Courtesy: The Sudler Cos.
By Joshua Burd
The Sudler Cos. has expanded its out-of-state portfolio with the acquisition of two warehouse properties along Florida’s Gulf Coast.
The Chatham-based firm said the two buildings, located at 6005 and 6001 Benjamin Road in Tampa, are adjacent to Tampa International Airport. The former is a 100,000-square-foot light manufacturing facility built in 1988 with an addition in 2010, while the latter is a 20,000-square-foot flex-use warehouse that Sudler plans to rehabilitate as part of a local redevelopment program.
“Demand for space in the Tampa market is soaring right now,” said Daniel Sudler, a principal with the real estate company. “With the acquisition of these two properties, we not only see the value in the site’s proximity to Tampa’s airport but we are also further establishing our company’s commitment to the economy in Central Florida.
CBRE’s John Heald represented Sudler on the acquisitions and will also be part of the team overseeing leasing at the buildings, working alongside Kris Courier and Tom Quinlan.
In addition to the Benjamin Road deals, Sudler has also started construction for more than 2 million square feet of industrial space at its Southern Oaks Business Park in Plant City, Florida, according to a news release. That includes a 727,000-square-foot, fully cross-docked warehouse with frontage on Interstate 4 that is slated for delivery in early 2022.
With its location along the highway, the 233-acre project will have direct cross-state access to the Tampa and Orlando markets, Sudler said. It’s also seven minutes from Lakeland Linder International Airport, which is home to a recently completed, $100 million Amazon Air freight hub.
“We are already generating inquiries from interested tenants at both locations in Tampa and Plant City,” Sudler said. “At Southern Oaks with neighbors like City Furniture, Amazon, Home Depot, Ace Hardware and DHL, prospective clients see the value in having a centralized location with a growing population and workforce.”
