Hines Kicks Off Phase 2 of Tampa Industrial Project
Completion is slated for next spring.
Upon completion, Tampa Commerce Center will total some 600,000 square feet. Image courtesy of Miller Construction Co.
Hines has commenced construction on the second and last phase of Tampa Commerce Center, a four-building industrial development in Tampa, Fla.
The development team consists of general contractor Miller Construction Co., architect Powers Brown, civil engineer Genesis Haff and MEP engineer TLC, together with Pinnacle Structural Engineers. Completion is slated for next spring.
Ball Corp.—a sustainable aluminum packaging provider—has preleased the entire Tampa Commerce Center in October 2022.
Hines’ first industrial project in Tampa
Tampa Commerce Center marks Hines’ first industrial project in the area. Phase one, comprising roughly 400,000 square feet across two facilities, broke ground last year.
In 2021, Hines obtained a five-year, $25.5 million construction note for the project from Associated Bank, public records show. The following year, the developer increased the loan amount to $42 million.
Tampa Commerce Center’s second phase will encompass two industrial buildings totaling more than 200,000 square feet. Both warehouses are set to have 32-foot clear heights, 60-foot speed bays, two dock ramps and tenant office buildouts. The 78,640-square-foot Building 200 will feature 24 dock-high loading doors, while the 122,850-square-foot Building 300 will include 28 dock doors.
Rising on 46 acres at 7918 Harney Road, the campus will provide easy access to interstates 4 and 75. Downtown Tampa is some 11 miles from the site, while Port Tampa City and Tampa International Airport are within 20 miles. Lakeland Linder International Airport is less than 28 miles southeast.
A growing industrial pipeline
Hines recently teamed up with Key Group for the development of a $500 million industrial campus on Florida’s Space Coast. The 3 million-square-foot project is expected to come online in three phases, starting in early 2024.
In November, Hines broke ground on a 684,344-square-foot industrial center in Austin. The developer is also working on the first phase of an 868,360-square-foot industrial park in Denver, which is expected to be delivered in the second quarter of next year.
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