The Bromley Companies, the developer behind Midtown Tampa, has shelled out $23.5 million for a two-building industrial complex on 62nd Street North in Clearwater in a deal announced May 18, 2026. It is the firm's largest industrial transaction in the Tampa Bay region so far and marks a clear push to scale Bromley Industrial Partners' Florida footprint, all while highlighting the staying power of infill warehouse space close to dense population hubs.
The 62nd Street portfolio totals about 202,622 square feet and sits on roughly 12.49 acres across two multi-tenant buildings on 62nd Street North, according to CoStar.
Property details and tenants
The buildings offer cross-dock loading, fully fenced outdoor storage and clear heights ranging from 26 to 30 feet. The largest tenant, Costa Custom Boats, occupies more than 54,000 square feet across both structures. Industry reporting pegs available space at roughly 51,000 square feet and notes a tenant mix that includes manufacturing, telecommunications and distribution users. Those building specifications and tenant details were reported by Commercial Property Executive.
Sellers and financing
The complex was sold by a partnership led by Blue Steel Development with co-investor Dubuque Capital, and acquisition financing was provided by BankUnited. County records and local reporting show the sellers purchased the site in 2019 for about $7.8 million, with Colliers Debt & Structured Finance involved in arranging the current loan. Those transaction and financing details were reported by the Business Observer.
Why buyers are chasing Pinellas industrial
Bromley says the deal fits its strategy of targeting supply-constrained urban infill industrial properties that support last-mile distribution and location-dependent manufacturers as it builds a 20 to 30 asset statewide platform. The company has pointed to tight fundamentals in Pinellas County, citing vacancy near 5.1 percent and average triple-net rents of about $11 per square foot, while regional market data show continued rent growth across greater Tampa. Those comments and market context appear in Bromley’s announcement and regional coverage by Tampa Bay Business & Wealth.
What’s next
Bromley says it already has several properties under contract and is pursuing additional acquisitions in Jacksonville, Orlando, Tampa Bay and South Florida as it scales the industrial platform. Local coverage notes that the Clearwater purchase gives the firm more operating scale for quicker leasing to tenants that need proximity to customers and ports, and underscores investor appetite for infill industrial space where land is scarce. For full transaction details, see reporting by the Jax Daily Record.
