Skip Ribbon Commands
Skip to main content

News release

TAMPA, FL

Jones Lang LaSalle Named Exclusive Leasing Agent for Duke Realty’s 1.25 Million Square Feet of Existing and 1.4 million Square Feet of Planned Industrial Space in Tampa 

JLL to lease Class A industrial and build-to-suit space in three different Tampa submarkets


TAMPA, Feb. 3, 2014 – Duke Realty Corp. (“Duke Realty”), an Indianapolis-based real estate investment trust, has appointed Jones Lang LaSalle as exclusive leasing agent for three industrial parks in Tampa. The three-property portfolio includes Fairfield Distribution Center in East Tampa and Eagle Creek Business Center near Tampa International Airport. Both properties total 1.25 million square feet of class “A” industrial space which has been completed in the last 10 years. The assignment also includes the site of the proposed Big Bend development, which has entitlements for up to 1.4 million square feet of institutional-grade industrial space in the emerging southern Hillsborough County region.

JLL Senior Vice Presidents John Dunphy, CCIM, SIOR and Robert Alter, together with associate broker Thomas Grandoff, are spearheading the leasing efforts at the three industrial parks since Feb. 1st. 2014.

“This is the highest quality and best located industrial portfolio in the Bay area,” said Dunphy, who heads JLL’s Central Florida Industrial group out of their Tampa office. “The different properties allow us to accommodate the needs of a wide range of companies with requirements in three distinct service areas. As demand for industrial space heats up, these properties are positioned to capture tenants seeking Class A industrial space located near Florida’s main transportation networks.”

The Fairfield Distribution Center consists of eight buildings with immediate access to U.S. 301 and Interstate 4, connecting Tampa to Orlando. The industrial park, which is located in one of Tampa’s largest and most active industrial submarkets, is minutes from Interstate 75, the north/south transportation corridor linking South Florida to the Canadian border.

Fairfield currently has available 103,000 square feet of distribution space in one building and another 14,400-square-foot air-conditioned space, with approximately 20 percent designed for office use, in a second building. Property highlights include 30’ clear ceiling height, 230’ building depth, 50’ x 50’ column spacing, 180’ shared truck court and ESFR sprinkler system.

Eagle Creek, which consists of three buildings, is on Florida Mining Blvd., just north of Waters Avenue, and TIA’s air cargo hub. The industrial park is currently 100 percent occupied. The park’s main features include: 24’ minimum clear ceiling height, 140’ building depth, 40’-50’ bay spacing, 160’ shared truck court and ESFR sprinkler system.

The Big Bend development at U.S. 41 and Big Bend Road will be built by Duke Realty, one of the country’s preeminent owners and developers. The park will offer build-to-suit and lease opportunities to tenants looking for 50,000 square feet up to 1.4 million square feet of Class A space. Development plans call for 32' minimum clear ceiling heights, 50'+ wide column spacing, ESFR fire protection, and ample loading and trailer storage areas.

“Our Class A industrial portfolio is in the hands of a Class A real estate services firm,” said Ed Mitchell, Duke Realty’s Regional Senior Vice President. “This strategic partnership will benefit tenants looking for great space and a professional team with which to align and respond to their regional distribution needs in the greater Tampa area.”

The assignments come at a time when the Tampa industrial market is getting national attention. Case in point, Precision Valve & Automation Inc. recently announced their desire to leave Albany, New York and head south largely due to tax incentives. The founder of Precision Valve & Automation Inc., whose largest customer is Apple Inc., is quoted  saying that his employees would “do cartwheels all the way down to Tampa” to get out of New York. Recently, Internet retail giant Amazon.com began construction of a massive distribution center in Hillsborough County, about 3 miles from the Big Bend development site. 

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4.0 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.

About Duke Realty
Duke Realty entered the state of Florida in 1999 and has grown its portfolio to include more than 11.6 million square feet of space in industrial and office, including medical office, properties. In Central Florida, Duke Realty owns, manages or has under development approximately 5 million square feet of space, while its South Florida holdings total more than 6.6 million square feet. Duke Realty has strategic land positions available in both markets for future development. On a nationwide basis, Duke Realty owns and operates approximately 152 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com