Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TAMPA, FL-Central Garden & Pet Co., a national distributor of lawn, garden and pet care supplies, has renewed 128,886 square feet of warehouse/distribution space at 11316 N. 46th St. on the city’s east side. The Walnut Creek, CA-based firm opted to renew for five years after considering four other possible relocation sites within the same area.

Todd Brandon, senior vice president with the Tampa office of UGL Equis, worked with Central Garden on the search for other sites as well as lease renewal negotiations at its current building, owned by Plymouth Meeting, PA-based Exeter Property Group. Rian Smith, industrial broker with Cushman & Wakefield of Florida in Tampa, represented the landlord.

“It really came down to what they could do for the tenant and the building,” Brandon tells GlobeSt.com. “There are plenty of good options out there to consider.”

East Tampa, the largest local industrial market with over 50 million square feet of inventory, has 11% vacancy through the second quarter with 575,000 square feet of new space under construction, according to Cushman & Wakefield research. Asking rents for warehouse/distribution space are just under $5 per square foot.

Brandon did not disclose additional terms of Central Garden’s lease renewal, but did say they include a combination of discounted rent and tenant improvement considerations. The landlord will make improvements to the building, he says.

“The existing facility offered the best lease economics as well as avoiding the relocation of a major distribution facility,” Smith says. The building features clear ceiling heights of nearly 26 feet, along with seven cross docks and 170 surface parking spaces.

Central Garden sells its products to specialty independent and mass retailers. The company posted sales of $482 million during its third fiscal quarter ended June 27.

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?


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.