Jones Lang LaSalle Inc.
07/22/2026 | Press release | Distributed by Public on 07/22/2026 13:30
JLL arranges $23.15M acquisition financing for Tampa small bay industrial portfolio
MIAMI, July 22, 2026 - JLL Capital Markets announced today it has arranged $23.15 million in financing for the off-market acquisition of the Tampa Small Bay Industrial Portfolio, a three-building, 169,055-square-foot industrial asset strategically located in the Tampa Airport and Tampa East submarkets. The Property was acquired through a joint venture between East Capital Partners and Westport Capital Partners.
JLL worked on behalf of the borrower to secure the financing through GID Credit.
The small bay portfolio consists of three highly functional buildings located across two premier Tampa submarkets. The properties feature a diverse mix of office and warehouse space with 18-foot to 22-foot clear heights, three-phase heavy power, 25 dock-high doors, six drive-in doors and concrete block and concrete tilt-up construction. The portfolio is currently 90% occupied by 11 tenants across various industries and offers an average suite size well-suited for small bay industrial users.
Located at 5501 Pioneer Park Boulevard, 5519 Pioneer Park Boulevard and 9704 Solar Drive, the properties provide immediate access to Interstate 275, Interstate 4 and Interstate 75, connecting users to downtown Tampa, Tampa International Airport, Port Tampa Bay and Tampa's CSX Intermodal Terminal. The portfolio serves more than 6.5 million consumers within a 90-minute drive and benefits from the Tampa Bay region's robust population growth.
The properties are located in two of Tampa's most established and supply-constrained industrial submarkets. The Tampa Airport and Tampa East submarkets maintain limited vacancy for small bay product and benefit from minimal new construction pipeline, with development concentrated on larger bulk distribution facilities in outlying areas.
The JLL Capital Markets team was led by Senior Managing Director Melissa Rose and Analyst Aaliyah St. Louis.
"This portfolio represents an attractive value-add opportunity in two of Tampa's most supply-constrained industrial submarkets, where small bay vacancy continues to significantly outperform bulk industrial product," Rose said. "The sponsor's demonstrated expertise leasing and managing multi-tenant industrial assets, evidenced by strong renewal rates and rent growth across their existing portfolio, gave lenders confidence in the business plan execution."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About East Capital Partners
East Capital Partners is a privately owned real estate investment firm specializing in off-market institutional commercial real estate and development opportunities throughout the Eastern United States. With a leadership team that has invested more than $7 billion across all major property types and throughout the capital stack, East invests on behalf of its own balance sheet, institutional clients-including pension funds, sovereign wealth funds, endowments, and foundations-as well as high-net-worth individuals. The firm's value-creation strategies range from improving operations, leasing, and renovations to more intensive initiatives such as major repositioning, adaptive reuse, and ground-up development. For more information, visit www.eastcp.com.
About Westport Capital Partners
Westport Capital Partners LLC, an alternative real estate investment firm managing approximately $8.2 billion in assets as of March 31, 2026, focuses on identifying underperforming or specialized real estate opportunities across a diverse geographic portfolio. The firm, with offices in Darien, CT and Los Angeles, CA, leverages deep sector experience to maximize long-term value for its institutional and private wealth investor base.
About GID
GID is a privately-held, vertically-integrated real estate company that owns, operates, and/or manages a portfolio of multifamily and industrial assets, and develops multifamily and mixed-use projects across the United States. The firm also operates a credit platform that provides commercial real estate debt solutions for institutional borrowers. With corporate offices in Atlanta, Boston, Dallas, Dubai, New York, San Francisco, and West Palm Beach, and 65 years of experience across multiple asset classes, GID is a seasoned real estate investor and manager with an integrated operating platform. As of March 31, 2026, GID owns and/or manages $32.8 billion of assets under management across 57,000+ apartment units and 28+ million square feet of industrial and commercial space.
Jones Lang LaSalle Inc. published this content on July 22, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 22, 2026 at 19:30 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]