TAMPA, FLORIDA – (April 12, 2010) – Lane Witherspoon & Carswell Commercial Real Estate Advisors has achieved 100% occupancy at Port Ybor’s 437,600-square foot business park with the recent negotiation of a new 16,537 square foot long-term lease for InStar Services Group, L.P in Port Ybor Building 2.
Managing Director Clay Witherspoon and Director Trey Carswell of Lane Witherspoon & Carswell negotiated the transaction on behalf of the property owner, ING Clarion.
The tenant, InStar Services Group, L.P., was represented by Cushman & Wakefield of Florida, Inc. InStar is a leading national provider of disaster response, insurance restoration and reconstruction services headquartered in Grand Prairie, Texas (www.instarservices.com).
“InStar joins the likes of Carrier, the US Postal Service and Spectra Flooring Services, a division of Shaw Industries,” says Witherspoon. “Port Ybor is 100% leased in this challenging market, further validating the great location and quality of product the park offers.” Witherspoon and Carswell also negotiated the 281,600-square foot five-year lease renewal for the United States Post Office in Port Ybor Building 1, recognized as the Bay area’s largest transaction of 2009.
Port Ybor consists of two single-story bulk warehouse buildings totaling 437,600 square feet, situated on 33 acres in the heart of Port of Tampa in the Downtown Tampa Industrial submarket.
Port Ybor Building 2 is a single-story, 156,000-square foot multi-tenanted class A industrial building and was built in 2006. It is located at 1802 Grant Street in Tampa, Hillsborough County, Florida, and is exclusively leased by Lane Witherspoon & Carswell. Located at the intersection of 20th Street and Grant Avenue, the property has waterfront access to accommodate the docking of ships and cargo, with direct access to deep water, the main shipping channel and CSX rail service.
In addition to Port Ybor, other ING Clarion assets in the Tampa Bay area include the 680,000-square foot Madison Industrial Park, also exclusively leased by Lane Witherspoon & Carswell.
Lane Witherspoon & Carswell Commercial Real Estate Advisors is a client-focused, full-service brokerage and property management firm that provides market expertise to landlords, tenants, buyers and sellers of office, industrial and retail properties in central and west Florida. With more than 50 years combined commercial real estate experience, Lane Witherspoon & Carswell consistently delivers unparalleled customer service and market knowledge while maximizing value for its clients. Established in 2007, the firm currently has 3.59 million square feet of listings and is based in Tampa, Florida. For more information, visit
http://www.lwccommercial.com/.
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