TAMPA, FL—Hudson, MA-based private investment firm Calare Properties has acquired a 14-buiding office and industrial portfolio in the greater Tampa area.

Calare reports its purchase of Airport Corporate Center near Tampa International Airport and Bay Tec Center in St. Petersburg. The two properties total 231,867 square feet of office and industrial space on a combined 20 acres of land. No terms of the transaction were announced.

“We are excited to announce our expansion into the Tampa area with this strategic portfolio purchase,” says Bill Manley, managing partner and CIO of Calare Properties. “The addition of the two facilities gives us a strong foothold in an area with a fast-growing economy. It is a testament to our ability to seek out phenomenal investment opportunities outside of our traditional target markets.”

Airport Corporate Center at 6702-6712 Benjamin Road in Tampa is a six-building development with 107,540 square feet of office and light industrial space. The property is located in Tampa's Westside/Airport submarket.

Bay Tec Center is an eight-building development with 124,327 square feet of office and light industrial space located in St. Petersburg. The property is situated in the Mid-Pinellas industrial submarket, adjacent to the mixed-use Carillion Park.

Since the firm's inception in 2003, Calare has invested more than $360 million of equity capital, representing more than $650 million in assets, on behalf of select institutional and private partners.