Tampa Bay emerges as one of nation’s hottest industrial markets

Warehouses lack the glamour of luxury homes, but they are helping make the Tampa Bay area one of the nation’s hottest emerging industrial markets. The bay area vaulted from No. 28 to No. 10 last year in net leasing of distribution and light industrial space, according to a new report by Colliers International. Overall vacancy rates dropped to 6.3 percent…

Buildings in Tampa office park sell for $111 million

The real estate arm of the giant Prudential Insurance Company has purchased five buildings in East Tampa’s Highland Oaks office park for $111 million. It is Tampa Bay’s third major commercial real estate transaction in the past few weeks. “There’s a lot of investor enthusiasm” in the area, said Dale Peterson of CBRE, which represented the seller in the Highland…