Distribution Center In St. Pete Sold For $95 Million

By Jay Wittner November 1, 2021

A 237,000 sq ft distribution center in St. Pete, leased by Fed Ex Corp., sold for $95 million. The facility is on a 63 acre parcel in the Gateway area. The seller was Scannell Properties & the buyer was undisclosed. Industrial space in the Gateway area is very tight, with a vacancy level of only 4%. The building is located at 1950 102nd Ave.