Avistone Completes Industrial Fund Dispositions
The firm has sold a multi-tenant flex industrial park in Tampa, FL, representing the final property in the Avistone Industrial Property Fund II LLC.
TAMPA, FL – Real estate private equity and investment management firm Avistone LLC has sold a 253,000-square-foot, multi-tenant flex industrial park in Tampa, FL.
“This sale completes the successful disposition of the four properties in the Avistone Industrial Property Fund II LLC, along with a total of 20 flex industrial parks with four million square feet of industrial space sold over the last two years,” says Daniel Culler, Avistone CEO.
Culler adds, “We are proud to have achieved the objectives on our flex industrial strategy for our investors, tenants and stakeholders over the last nine years.”
Situated near Tampa International Airport, the park, Veterans Technology Center, offers 48 shallow-bay and flex suites that average 4,778 square feet.
In the past 18 months, the property has increased occupancy by 24,853 square feet through seven new leases, and it has completed 16 renewals and expansions with existing tenants.