116-acre East Tampa site sold for industrial project

GTIS Partners acquired a 116-acre site in East Tampa for a two-building logistics project along the Interstate 4 corridor, adding new industrial capacity in one of the region’s primary distribution corridors.

The New York-based real estate investment firm plans to develop 4Ward Logistics Center, a 382,500-square-foot Class A industrial project with two rear-load distribution buildings. Delivery is expected in the second half of 2027.

The site includes frontage on Interstate 4 and access to nearby interchanges, providing connectivity to regional distribution routes and Port Tampa Bay. JLL will handle leasing and marketing for the project.

The purchase price, seller and exact site location were not disclosed. A timeline for construction start and whether the buildings will be developed on a speculative basis or pre-leased also were not provided.

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The investment reflects GTIS’s focus on smaller-format industrial properties in established logistics corridors, where tenant demand has remained steady.

“We continue to see strong fundamentals in well-located industrial submarkets with access to major transportation infrastructure,” said Lee Lineberger, vice president at GTIS.

The project is located within a designated Qualified Opportunity Zone and is capitalized through GTIS Opportunity Zone Fund II, which targets investments in undercapitalized areas across the United States.

The Tampa project is the firm’s 17th industrial investment. GTIS’s U.S. industrial portfolio totals more than 10 million square feet across Florida, Texas, Georgia and the Carolinas.

The acquisition contributes to ongoing industrial development along the I-4 corridor, which serves as a key link between Central Florida population centers and port infrastructure.