FORT LAUDERDALE, Fla., Jan. 17, 2019 /PRNewswire/ -- The Geneva Group, a leading real estate investment and property services firm, in partnership with Genet Property Group, closed on Executive Industrial Park located in Tampa, FL in the Westshore Industrial Market. This institutional grade asset is 201,620 SF and is comprised of seven buildings on over 15 acres. The group intends on holding and managing the asset long term as they begin building their portfolio in the Tampa market.
The two firms have significant market share of this asset class on the east coast and are extremely enthusiastic with the Tampa MSA.
"With assets already in Lakeland and Tampa, it's our focus to build economies of scale in the Tampa market," said Jarred Elmar, Managing Partner of the Geneva Group. He goes on to say, "Tampa has never seen a boom like they're experiencing right now and we want to be a part of it for decades to come."
"Tradesman are thriving, last mile distribution is the buzz phrase, and with little to no construction plans slated in the market for small bay projects, this is textbook supply and demand," says Elmar.
With the likes of Jeffery Vinik, owner of the Tampa Bay Lightning and Bill Gates investing billions in the Tampa market, Geneva and Genet aren't the only groups focused on this booming market.
About The Geneva Group
The Geneva Group is a real estate acquisitions and development firm focused on value add commercial assets such as office, retail and industrial. To learn more visit http://genevarealestateholdings.com.
SOURCE The Geneva Group