TAMPA, FL-International Ship Repair & Marine Services Inc., a 28-year-old maintenance company, is the new owner of a 438,000-sf warehouse on a prime 65-acre waterfront site at 6001 South Westshore Blvd. here, 80 miles west of Downtown Orlando.

International Ship paid $6 million or $13.69 per sf to New York-based Viacom Realty Inc., the real estate arm of Viacom Inc., a global media leader in movies, television, radio and the Internet. The replacement cost for a comparable building is in the $25 per-sf to $35 per-sf range, construction industry estimators familiar with similar properties tell GlobeSt.com on condition of anonymity.

The structure provides direct access to Tampa Bay, home of numerous ocean-going vessels. Viacom picked up the surplus warehouse in its $34.5 billion corporate acquisition of CBS on Sept. 7, 1999–the largest media transaction on record.

Binswanger/CBB represented Viacom Realty in the warehouse transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.