New-York Based Zenith Industrial Outdoor Storage has purchased an 83-acre value add industrial park in Clearwater for $27.5 million.
The development, called Sunshine Industrial Park, includes seven fully leased warehouses that total 219,000 square feet and approximately 30 acres of undeveloped land, which provides the potential for outdoor storage space and future development. Twenty-five acres of outdoor storage will be available for lease in the second quarter of 2023.
According to a Pinellas County deed, the seller was HSS Partners. Franklin Street arranged the sale of the industrial park, and its Tampa-based office and industrial services team of Pat Kelly and Brad Hutton brokered the transaction on behalf of Zenith in an off-market deal. Zenith purchased the property as part of a joint-venture partnership with JPMorgan.