Done Deals: Newmark Knight Frank Inks 238,437-SF Renewal Lease in Tampa, FL; Deal marks one of the largest industrial leases in Tampa Bay Area over the last 12 months

Friday, June 14, 2019

Newmark Knight Frank Inks 238,437-SF Renewal Lease in Tampa, FL; Deal marks one of the largest industrial leases in Tampa Bay Area over the last 12 months

Rick Narkiewicz

Tampa, FL — Newmark Knight Frank lease totaling 238,437 square feet for the Tampa division of ITG Brands, LLC at East Meadow Distribution Center in Tampa, Florida. ITG Brands, LLC will continue to occupy the entire facility, which is owned by UBS Financial Services, Inc.

The deal represents one of the largest industrial leases signed in the Tampa Bay Area over the last 12 months. NKF’s senior managing directors Rick Narkiewicz and John Esposito represented the tenant. Cushman & Wakefield represented the landlord.

“The property’s convenient and secure location were significant factors in the tenant’s decision to maintain operations at East Meadow,” said Esposito.

John Esposito

“A strong local economy and proximity to a talented and diverse employment base bodes well for ITG’s long-term future at East Meadow, which will continue to play an important role in the company’s growing portfolio of business,” said Narkiewicz.

East Meadow is within a six-minute drive of major Central Florida thoroughfares such as I-75, I-4 and Selmon Expressway. The facility also enjoys close proximity to the Port of Tampa and Port Manatee.

ITG Brands, LLC is the third largest tobacco company in the United States. The company is headquartered in Greensboro, North Carolina and offers a broad array of well-known cigarette and cigar brands, including Winston, Maverick, Kool, USA Gold, Salem and Dutch Masters.