Foundry Commercial Closes on Iron Bull Industrial Development in Tampa

Tampa, Florida (July 21, 2026) - Foundry Commercial's Development & Investments platform has closed on Iron Bull, a two-building, 147,000-square-foot infill industrial development in Tampa, Florida. Located near Foundry's Two Palms development in East Tampa, the project will transform underutilized land into modern small-bay industrial space designed to meet continued demand from businesses seeking well-located facilities within established urban corridors.

The development site consists of excess land and parking area located behind the iconic Dallas Bull, one of Tampa's best-known country music venues. The project's name, Iron Bull, pays tribute to its unique location while reflecting the site's transformation into a modern industrial development.

The acquisition represents a notable example of the collaborative approach that continues to drive Foundry's Development & Investments platform. The opportunity was originally identified by Foundry Tampa industrial brokers Caitlin Quinlan and Jesse Drake while canvassing the surrounding area. After noticing the undeveloped land behind Dallas Bull, the pair introduced themselves to ownership and began the conversations about potential development opportunities.

Through a series of discussions and relationship-building efforts, Foundry ultimately secured the first opportunity to pursue the transaction before it was ever marketed. Foundry's Development & Investments team later assembled two adjacent parcels and successfully rezoned the combined site to support the planned industrial development.

"What makes Iron Bull special is the amount of creativity and persistence required to bring it together," said David Kern, Tampa Deal Principal within Foundry Commercial's Development & Investments platform. "The original opportunity started with excess land behind a well-known Tampa landmark, but through additional acquisitions and a successful rezoning effort, we were able to assemble a site capable of supporting a meaningful small-bay industrial development. Those types of opportunities are increasingly rare in mature markets like Tampa, which is exactly why we remain focused on uncovering them."

Construction will be led by Foundry's Development & Investments team, with Matt Braun overseeing development and construction activities. Work is expected to commence in the coming months.

Iron Bull reflects Foundry's continued conviction in the small-bay industrial sector, which serves a broad range of local businesses including contractors, suppliers, service providers, distributors, and light manufacturers. Unlike large-format logistics facilities, small-bay developments are designed to place businesses closer to their customers, workforce, and service areas while addressing the growing shortage of modern industrial space within established urban infill locations.

"Small-bay industrial continues to be one of the most compelling opportunities we see across the Sun Belt because it serves real local demand," said Pryse Elam, President of Development & Investments at Foundry Commercial. "Businesses increasingly need modern, well-located space close to their customers, employees, and transportation networks, yet developable infill sites remain scarce. Iron Bull allows us to deliver the type of product the market is seeking in a location that would be nearly impossible to replicate today."

The project also underscores the strength of Foundry's fully integrated platform, where local market knowledge and broker relationships frequently serve as the catalyst for development opportunities. Nearly half of the opportunities pursued by Foundry's Development & Investments platform originate through Foundry brokers identifying off-market sites and leveraging their local relationships to create value.

"Every development project has a story, and Iron Bull is a perfect example of what makes our platform unique," Elam added. "This opportunity originated through the persistence and market knowledge of our brokerage team and ultimately became a development project through collaboration across multiple disciplines. It's a great example of how Foundry's integrated platform creates opportunities that might not otherwise exist."