By Madalyn Blair – Reporter, Tampa Bay Business Journal
 

 

A former multi-story office building is transforming into an industrial development in East Tampa.

Tampa-based Richland Capital Holdings broke ground on Lakeview Corporate Park, a new 310,000-square-foot logistics space, on Monday at 6700 Lakeview Center Drive. The project will redevelop a three-story office building into two rear-load distribution buildings designed to serve a wide range of logistics, manufacturing, distribution and light industrial users seeking immediate access to the region's transportation network.

Richland Capital Holdings purchased the property in 2023 for $10.97 million, according to Hillsborough County property records. The office building was constructed in 1984.
 

JLL Executive Managing Directors Peter Cecora and John Dunphy, along with Vice President Olivia Brock Martino, will oversee leasing on behalf of Richland Capital Holdings.

Lakeview Corporate Parks sits directly off Interstate 4 with access to U.S. Hwy. 301 and Interstate 75. The project is currently under construction with delivery anticipated in the first quarter of 2027.

“With Lakeview Corporate Park now underway and having recently acquired Regency Park North, another office to industrial redevelopment in East Tampa, we remain highly confident in the long-term fundamentals of the Tampa Bay industrial market and continue to pursue all viable opportunities that align with our investment strategy of developing well-located, institutional quality assets across the Southeast," Troy Newberg, Richland’s vice president of development, said.

Lakeview Corporate Park will include a 106,375-square-foot building and a 203,320-square-foot building with a shared truck court featuring 32-foot clear heights. There will also be opportunity for build-to-suit and speculative office options, as well as divided configurations to accommodate a variety of tenant sizes.

"What's especially notable about Lakeview Corporate Park is that it reflects how the market is evolving," Cecora said in a statement. "As developable industrial land becomes increasingly difficult to find in Tampa's core, we're seeing developers get more creative by repositioning underutilized office properties into modern industrial facilities. High-quality developments like this remain in strong demand because today's occupiers are prioritizing efficient, well-located space that provides immediate access to both labor and major transportation corridors."