Greek Real Estate Partners Expands Footprint in Florida with $22.5 Million Acquisition

Trinity, FL - Greek Real Estate Partners (GREP) announced it has acquired Trinity Commerce Center in Trinity, FL, outside Tampa, as part of a $22.5 million sale/leaseback with lifestyle activewear brand NVGTN.

Located at 1990 Corporate Center Dr., Trinity Commerce Center totals 100,000 square feet and was completed in 2024. The Class-A, state-of-the-art industrial facility is fully leased to NVGTN and features a 34-ft clear height, 21 dock-high doors, three oversized drive-in doors, and LED lighting.

With its location in West Pasco County, Trinity Commerce Center offers convenient access to major transportation routes, including U.S. Highway 19, Florida State Road 54, I-275, and I-75. It stands within a four-hour drive of 16.1 million people.

“We are excited to expand our footprint to Florida, and we continue to look for new opportunities in this market,” said Alex Motiuk, Director of Acquisitions for Greek Real Estate Partners. “Florida’s powerful growth trends align with our strategy to develop and acquire for the long-term in dynamic, densely populated markets.”

NVGTN is a forward-thinking lifestyle brand that specializes in high-quality, performance-driven activewear. Founded in 2018, it has quickly become one of the fastest-growing clothing brands in the United States, boasting customers in more than 180 countries.

Cushman & Wakefield’s Rick Brugge, Mike Davis, and Rick Colon represented NVGTN in this transaction, collaborating with Trey Carswell and Lisa Ross from the firm’s industrial leasing team.

“Trinity Commerce Center represented a prime opportunity for investors looking to enter or expand in the prestigious Tampa Bay industrial market with a newly-constructed, modern facility occupied by a great tenant, ensuring stable cash flow and growth potential,” said Brugge, Cushman & Wakefield Vice Chair. “We continue to see investors focus on Central Florida as the region and the state continue to grow and offer strong returns.”

With more than 22 million square feet of industrial real estate under management, GREP’s leasing team provides landlord and tenant representation services for companies seeking to lease or rent industrial real estate. The firm works with a range of companies, from full-scale manufacturing operations to modern corporate headquarters.