JLL arranges capitalization of prime 26-acre development site in Tampa

MIAMI, Aug. 4, 2025 – JLL Capital Markets announced today the successful capitalization of 3600 Causeway Boulevard, a 26-acre industrial development site in Tampa's highly sought-after infill market.

JLL represented the developer, Hazel Street Capital, in the transaction and also arranged the construction financing for CIP Real Estate, which acquired the land tract.

The development, which broke ground at the end of July 2025, will deliver three buildings: a 110,000 square foot and 142,000 square foot rear-loaded warehouse and a 79,000 square foot standalone warehouse with separate auto access. The warehouses will be delivered with speculative improvements designed to cater to tenants looking for space from 20,000 to 142,000 square feet.

The property’s prime location within the Tampa core, direct frontage along Causeway Blvd, port visibility and exceptional connectivity to I-4 and I-75 are expected to attract strong tenant interest.

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Director Cody Brais, Senior Managing Director Luis Castillo, Associate Taylor Osborne and Analyst David Orta Jr. The financing team was led by Senior Director Peter Thompson, Associate Kyle White and Analyst Nick Englhard.

"We’re excited to have taken a role in bringing this market-leading project to life and look forward to watching it deliver lasting value to the community of Tampa," said Brais. “This project is yet another example of the strong institutional interest our team has experienced for all things Tampa industrial – a trend we expect will continue given the strong fundamental tailwinds affecting the market.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Hazel Street is a vertically integrated real estate operating company and investment manager exclusively focused on the development and acquisition of shallow bay industrial assets in major southeast markets.

CIP Real Estate is a full-service real estate investment company focused on the acquisition, repositioning, re-branding, and management of industrial assets throughout West Coast, Southeast and Texas markets. Founded in 1995 and based in Irvine, CA, the company owns and manages over 10.0 million square feet of quality properties, with offices in Ontario (CA), Riverside (CA), Hayward (CA), Las Vegas, Charlotte, Atlanta and Dallas. www.ciprealestate.com