62nd St.
- 14480 & 14550 62nd Street N, Clearwater, FL
- Industrial
- 202,622 Square Feet
Located in Pinellas County—one of the most supply-constrained industrial submarkets in Florida—this two-building, 200,000-square-foot industrial complex at 14450 and 14480 62nd Street North offers premier functional space in the heart of the Tampa Bay region. Situated in a dense urban infill location, the property is tailored for last-mile distribution, light manufacturing, and essential service providers that require immediate access to major regional highway corridors, customer bases, and infrastructure.
- Acquisition Details: Acquired from Blue Steel Development for $23.5 million, with acquisition financing provided by BankUnited.
- Asset Configuration: Two-building industrial complex totaling 200,000 SF suited for multi-tenant or single-tenant manufacturing, logistics, and service operations.
- Strong Submarket Fundamentals: Positioned in a tight Pinellas County industrial market featuring a ~5.1% vacancy rate and average NNN rents around $11/SF.
- High-Barrier Location: High-density, land-constrained submarket with virtually no surrounding land available for new competing ground-up development.
Clearwater’s central placement within the broader Tampa Bay market makes it an ideal hub for location-dependent operations with long-term occupancy needs. The acquisition aligns directly with Bromley Industrial Partners’ core strategy of targeting Class B/C urban infill assets in major Florida submarkets. Backed by Bromley’s vertically integrated platform and deep operational background in Southeast logistics real estate, the site is positioned to capture long-term rent growth and value through proactive asset management and strategic property upgrades.
