A Birmingham, Alabama-based industrial investment firm just picked up a pair of warehouses in International Corporate Park, as part of a $194 million multi-state portfolio deal.
Graham Commercial Properties bought 16 Class-A warehouse properties in Orlando and Tampa, in addition to properties in South Carolina and North Carolina.
The properties that sold are leased to defense industry training and simulation firm Kratos Training Solutions. In total the industrial portfolio spans 142,536 square feet, meaning the deal breaks down to roughly $130 per square foot.
The buyer also snagged a 131,800-square-foot warehouse at 3001 Gateway Center Parkway in Tampa, leased to cigar company Davidoff of Geneva.
Along with GCP’s other existing Florida properties, including its recent $49 million acquisition of the Northport Logistics Center, its total square footage footprint in Florida amounts to 2.27 million square feet.
In 2016, MDH Partners paid $16.25 million for a nearby 361,200-square-foot Class A warehouse at 8650 Transport Dr.