Bromley buys 200,000-square-foot Clearwater industrial complex for $23.5 million

By AI, Created 7:13 PM UTC, May 18, 2026, /AGP/ – Bromley Industrial Partners expanded its Florida industrial platform with the purchase of a two-building Clearwater complex, its largest Tampa Bay industrial deal to date. The acquisition adds to the firm’s push for supply-constrained infill properties across major Florida markets as it targets a statewide portfolio of 20 to 30 assets.

Why it matters: - The Clearwater deal gives Bromley Industrial Partners a larger foothold in Tampa Bay, one of Florida’s tightest industrial markets. - The purchase fits Bromley’s strategy of buying urban infill assets tied to last-mile distribution, light manufacturing, and local service businesses. - The firm is building toward a statewide industrial portfolio of 20 to 30 assets.

What happened: - Bromley Industrial Partners acquired a two-building, 200,000-square-foot industrial complex at 14450 and 14480 62nd Street North in Clearwater, Florida. - The seller was Blue Steel Development. - The property sold for $23.5 million. - BankUnited provided financing for the transaction. - Bromley called the acquisition its largest industrial transaction in the Tampa Bay region to date.

The details: - The property sits in Pinellas County, where industrial supply remains constrained and new development land is limited. - Vacancy in the area is about 5.1%. - Average triple-net rents in the submarket are around $11 per square foot. - Bromley targets Class B/C industrial assets with individual deal sizes between $5 million and $25 million. - The firm focuses on urban infill locations near ports, airports and major highway corridors. - Bromley’s platform includes in-house acquisitions, asset management, property management, construction and operational oversight. - The company said its structure helps identify off-market opportunities and move efficiently in competitive deals. - Bromley said its operational background in service-oriented industrial real estate helps it understand tenant needs and create value through hands-on execution. - Bromley previously owned and operated a pallet recycling business in Haines City, Florida, with operations across more than 40 industrial properties in the Southeast. - Bromley Industrial Partners is headquartered at the Loft Office building at Midtown Tampa. - Its teams in property management, finance and construction are based there. - Bromley Companies is also the master developer of Midtown Tampa, a $1 billion mixed-use district with 1.8 million square feet of retail, residential, hospitality and Class A office space. - Bromley’s broader industrial portfolio also includes properties in Greenville, South Carolina, and Atlanta. - The firm said those assets show its ability to drive rent growth through leasing, upgrades and asset management. - More information is available in the company’s announcement.

Between the lines: - Clearwater gives Bromley exposure to a submarket where location-dependent tenants often need close access to customers and infrastructure. - The acquisition suggests Bromley is leaning into markets with limited supply rather than betting on new development. - The firm’s push across Jacksonville, Orlando, Tampa Bay and South Florida signals a broader statewide expansion, not just a one-off Tampa Bay move.

What’s next: - Bromley said it has multiple additional properties under contract and LOIs. - The firm said it is actively pursuing acquisitions across Florida’s major industrial markets. - Bromley plans to keep scaling its platform while staying disciplined on pricing and deal selection. - The company’s next targets remain Class B/C infill assets in dense, logistics-friendly locations.