Greek Real Estate Partners (GREP) 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.
“We are excited to expand our footprint to Florida, and we continue to look for new opportunities in this market,” Alex Motiuk, director of acquisitions for Greek Real Estate Partners said. “Florida’s powerful growth trends align with our strategy to develop and acquire for the long-term in dynamic, densely populated markets.”
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,” Brugge, Cushman & Wakefield vice chair said. “We continue to see investors focus on Central Florida as the region and the state continue to grow and offer strong returns.”
