The Ridgewood-based STRO Cos. together with the Jersey City-based KRE Group announced their recent off-market acquisition of 5126 W. Cypress St. in Tampa, Florida.
Located in Tampa’s Airport submarket, the property is approximately 19,000 square feet with 17-foot clear ceilings and 11 load docks.
“5126 W. Cypress is a very unique building that we are thrilled to have as part of our portfolio, because of its centralized infill location, considerable loading capabilities and premier access to infrastructure in a core Florida market,” Kevin Bramhall, STRO’s director of Southeast acquisitions, said. “We are appreciative of the sellers for their speed of execution to complete this transaction.”
The off-market transaction was facilitated in-house by Albert Fitch and Kevin Bramhall of the STRO Cos.
Jonathan Kushner, president of KRE Group, said: “Partnering with STRO in Tampa represents a strategic addition to our portfolio, reinforcing our commitment to well-positioned assets in key logistics markets. The property’s central location and strong transportation links offer significant value for tenants, making it an ideal investment as we continue to expand our presence in Florida and doing so with the Milstein-run STRO Cos.”
In announcing this transaction, STRO also noted that the building is immediately available for lease and is being marketed by Jessica Mizrahi and Julia Silva of Lee & Associates – Tampa Bay.
