Strong 2011 Start for Davis Team, Following Successful 2010
28 Jan, 2011, Tampa
Cushman & Wakefield announced today that the Davis Team - comprised of Rian Smith, Kostas Stoilas and Mike Davis of the firm's Tampa office - completed two major industrial transactions in January, continuing the momentum of a successful 2010. The Davis Team arranged nearly 100,000 square feet in transactions during the first month of 2011, after having completed more than 236,000 square feet in deals during the fourth quarter of 2010.
"Increased velocity during the fourth quarter of 2010 and the first quarter of this year is a positive sign for the market," said Mr. Davis, an executive director at Cushman & Wakefield. "Tenants who were once at a standstill are now showing the confidence to make decisions."
The notable transactions include:
IBC Sales Corp., owner of the Hostess® brand, leased 45,975 square feet at Oak Creek 3,
located at Oak Creek Distribution Center in Riverview. Cushman & Wakefield represented the
building's owner EastGroup.
A confidential group completed a 50,000-square-foot renewal at an industrial property in
Plant City. Cushman & Wakefield represented the building's owner.
JGA Beacon, a roofing supply company, leased 40,000 square feet at 1841 Massaro Blvd in
Tampa. Cushman & Wakefield represented the building?' owner, Weingarten Realty Investors,
in the deal and negotiated directly with JGA Beacon.
Omni Cable, an electrical, electronic and specialty cable provider, acquired 3180 South
Falkenburg Road in Tampa. C&W arranged the sale. Omni Cable will occupy the entire
25,000-square-foot building, and will relocate from 1913 US Highway 301N.
AAA Moving & Storage signed a 23,250-square-foot lease to relocate its Tampa facility to
Oak Creek Nine in Oak Creek Commerce Park. AAA Moving & Storage is the first tenant in the
newly constructed building, owned by EastGroup Properties. Cushman & Wakefield represented
EastGroup Properties, and negotiated directly with AAA Moving & Storage.
CPI Group, a family-owned distribution warehouse, signed a renewal and expansion at 3719
Corporex Park Drive in Tampa. CPI Group expanded by 23,000 square feet, bringing its total
occupancy to 51,200 square feet. Cushman & Wakefield represented the owner, Cobalt
Industrial REIT, and negotiated directly with CPI Group.
For more than 25 years, the Davis Team has been the prominent service provider to institutional and corporate clients for their Central Florida industrial real estate requirements. The team has completed more than 53 million square feet of transactions on behalf of the nation's most recognized owners and corporations. For more information on the Davis Team, visit http://www.davisteam-industrial.com/.