STRO and KRE Group announce FL acquisition

Lee & Associates-Tampa broker transaction

425 Hobbs St. in Tampa

Tampa, FL — The STRO Companies (STRO) and KRE Group announced the acquisition of a two-building, 43,000 s/f industrial portfolio in Florida. This purchase includes a 20,380 s/f industrial building located at 425 Hobbs St. in Tampa, and a 22,887 s/f building situated at 558 Stuart Ln. in Jacksonville.

The portfolio was purchased off-market from the current occupier in a sale-leaseback transaction. The assets include excess land for outdoor storage, making them perfect for last mile-distribution in two high-growth markets. The partnership between The STRO Companies and KRE Group aims to enhance their industrial real estate footprint in the region, providing high-quality industrial spaces to meet the growing demand.

 558 Stuart Ln. in Jacksonville

The acquisition was handled internally by STRO’s senior managing director Albert Fitch and director of Southeast Acquisitions, Kevin Bramhall, who played a pivotal role in securing the deal. The transaction was brokered by Jessica Mizrahi, SIOR and Jackson O’Neill of Lee & Associates Tampa Bay - whose expertise, relationships and dedication were instrumental in the successful completion of this portfolio acquisition.

“These hyper infill assets complement our existing industrial portfolio and perfectly align with our investment thesis of acquiring functional, well-located assets in high-growth markets in the southeast.” said Kevin Bramhall, STRO director of Southeast Acquisitions

“Our expansion into Florida’s industrial market reflects KRE Group’s strategic approach to identifying high-quality assets in high-growth regions,” said Jonathan Kushner, president of KRE Group. “These properties align with our vision of long-term value creation, and we’re excited to partner with STRO to strengthen our presence in the Southeast.”