Sansone Group Announces Successful Closing of New Cold Storage Facility in Tampa with BentallGreenOak and Mandich Group; Construction Set to Commence this Spring
April 03, 2023

St. Louis, Missouri — April 3, 2023 — St. Louis-based real estate firm Sansone Group and Florida based Mandich Group announce that it has successfully closed a joint venture partnership with BentallGreenOak (BGO) for a new state-of-the-art cold storage facility in Tampa, Florida. BGO is one of the largest cold storage facility owners in the US, and Sansone Group is excited to have partnered with them for this project. The loan closing with local lender Stifel Bank was an accomplishment made possible thanks to Sansone Group’s relationship with the institution. The site, situated in Ybor City along the bustling I-4 corridor, boasts an enviable location just under three miles from Port Tampa and a mere 12 miles from the Tampa International Airport. The facility will also be conveniently situated on the railway just 2.7 miles away from the bustling CSX Intermodal Tampa Terminal. With a restricted supply and no Class A space currently available, this market presents a prime opportunity for a future tenant looking for a strategic and advantageous position.

Nick Sansone, Principal at Sansone Group, expressed his excitement for the project and the benefits it will bring to the Tampa community. He shared, “We are thrilled to have closed on this joint venture partnership with BGO and Mandich Group for the development of a state-of-the-art cold storage facility in Tampa. Our team has worked tirelessly to make this project a reality, and we look forward to delivering a top-of-the-line facility that will serve the needs of the local market.” He also highlighted the strategic location of the facility, stating, “The exceptional access to major thoroughfares will provide users at the property with the ability to reach a population of 9.3 million people within a 2-hour drive, which equates to 43% of Florida’s population. This is a tremendous advantage for the facility and positions us well to meet the demands of the rapidly growing cold storage market in Florida.”

The deal was made possible by Peter Crane, who sourced this development opportunity for Sansone Group. In addition to partnering with BGO, Pete Crane also connected Sansone Group with Mandich Group, another family-run business like Sansone, to help with facility management and for their extensive knowledge in the cold storage industry. Mandich Group owns and manages properties throughout the United States, with over 2,500,000 square feet of cold/dry storage assets under management. Led by three brothers, Michael, Mark, and Nick, Mandich Group and its subsidiary Cold-Link Logistics, specialize in cold storage facilities. Michael Mandich, Mandich Group’s President, explained, “We are extremely excited to partner with Sansone Group on adding to our cold storage capabilities. Through teamwork and collaboration, this project will help support many users’ needs in the cold chain network.”

Tippmann Construction has been selected as the general contractor for the project. With their expertise in the field of cold storage construction build-outs, Tippmann Construction has established a solid reputation for delivering exceptional results.

The leasing for this state-of-the-art facility will be expertly managed by a dynamic team of professionals. The Food Properties Group’s Scott Delphey and Matthew Delphey, alongside Cushman & Wakefield’s Lisa Ross and Trey Carswell, will bring their extensive industry knowledge and experience to ensure the highest level of service for potential tenants.

For additional assets, click here.

###

About Sansone Group

Sansone Group is a family owned and operated; national commercial real estate firm headquartered in St. Louis with eight offices across the US. The firm specializes in development, property management, and brokerage services in commercial and residential sectors. Sansone Group is committed to providing superior and comprehensive commercial real estate services for every customer through Teamwork, Creativity, Hard Work, Faith and Professionalism. The Sansone Group team has developed over 40 million square feet of industrial projects from coast to coast in 24 different states. These projects include warehouse and distribution, truck terminals, manufacturing and refrigerated warehouse.

 

About BentallGreenOak

BentallGreenOak (BGO) is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services with approximately $74 billion of assets under management. Stifel, headquartered in St Louis, is a multinational investment bank and financial services with $436 billion of assets under management.

 

About Mandich Group, LLC

Mandich Group, LLC is a private equity real estate investment company that specializes in the industrial sector specifically food related properties. We acquire, improve, develop and operate our investments in growth markets throughout the United States on behalf of our company principals and private investors. www.MandichGroup.com

Reset password

Enter your email address and we will send you a link to change your password.