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LAKELAND, FL-San Antonio-based US Industrial REIT has acquired the 480,000-sf FirstPark @ Bridgewater industrial property at 6850 FirstPark Blvd. and 7080 Haverty Way. The seller was Chicago-based FirstCal Industrial LLC.

The acquisition price was not released. Jack Fraker and Randy Baird, of CB Richard Ellis’s Dallas Institutional Group, and Ginger Gelsheimer, Rick Klepal and Brian Rettig, of CBRE’s Tampa office, negotiated the sale. US Industrial REIT is owned by USAA Real Estate Co. and other institutional investors.

Gelsheimer tells GlobeSt.com that the seller had achieved its investment objectives for the property, which attracted a lot of interest from buyers. “This is one of the first industrial deals we’ve seen in a while,” Gelsheimer says. “A lot of people believe in the Port of Tampa and the expected increase in container business.”

At the time of the sale, the property was 100% occupied with 67% of the space occupied by credit tenants including Home Depot Supply, which occupies 240,000 sf, and Caterpillar, which occupies 80,000 sf.

The property is situated on a 34-acre parcel within a business park setting along Interstate 4, which connects Interstates 275 and 75. The class A buildings have 30-ft clear ceiling heights and parking truck courts. “FirstPark @ Bridgewater provides the new owners with a stable asset and significant upside potential,” Gelsheimer says.

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