Graham & co., a Birmingham-based developer, has acquired 21 acres of land and a 72,236 square-foot warehouse located at 9208 Palm River Road. The developer is planning to build over a quarter million square-feet of speculative industrial space. 

Graham & Co. purchased the property for $6.19 million for a sales price of $294,761 per acre, and the building price to $85 per square foot. The site is located at the intersection of U.S. 301 and Florida Palm River Road and the developer believes it is “the best remaining infill location in Tampa”. The existing warehouse on the site is 100% occupied, and speculative development will total 262,440 SF.

The development will bring three new warehouses ranging from 85,000 to 91,400 square feet each. The development will be called the East Tampa Commerce Center and cater to distribution tenants. The development is a joint venture between Graham & Co. and previous owners, Palm River JLM Cener Ltd.

Thank you for your interest. If you need appraisal and valuation services in the Tampa area contact:

Mike Cliggitt, MAI, MRICS, CCIM

813.405.1705 - Direct Line

findvalue@cliggitt.com

Tampa Industrial Property Appraiser