X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TAMPA, FL-Commercial printing company Tampa Bay Press Inc. has signed a long-term lease renewal for 17,515-sf at Eisenhower Technology Park at 4710 Eisenhower Blvd.

GVA Advantis associate of leasing services Josh Tarkow negotiated the lease on behalf of the tenant. “After careful consideration and an extensive search, the client and I determined that renewing its lease at Eisenhower Technology Park was the best course of action,” Tarkow says.

The landlord, ARA Properties No. 1 Ltd. c/o Peter Lawrence Commercial Real Estate Inc., is a Florida limited partnership based in Tampa and was represented by Cushman & Wakefield of Florida, Inc.

The 200,000-sf Eisenhower Technology Park is located in the Westshore/Airport submarket located across from Tampa International Airport. It is comprised of six flex buildings constructed between 1975 and 1978.

Tampa Bay Press’ decision to renew its lease may have been prompted by the tight conditions that currently exist in the Tampa Bay industrial market. According to a CB Richard Ellis market report for Q3, the vacancy rate was 3.7% with 1.18 million sf of absorption during the quarter. Average asking rental rates were $7.28 per sf. “The Tampa Bay industrial market remained healthy this quarter,” the report states. “Continued demand has pushed the already historically low vacancy rates even lower, while asking rates continued to rise.”

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?

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.