Nine buildings across two industrial parks in East Tampa have been sold.

Tampa Infill Logistics Portfolio, a 493,957-square-foot small bay industrial complex, sold for $92.5 million, according to deeds recorded in Hillsborough County on Wednesday. East Capital Partners, a privately owned real estate investment firm, acquired the 25.6 acres at 4410-4450 E Adamo Drive and 1212 N 39th St. from Pennsylvania-based Link Logistics.

The portfolio consists of Adamo Distribution Center and Commerce Park Distribution Center. The property is 94% occupied with 28 tenants across several industries, including utilities, logistics, manufacturing and medical supplies.

Link Logistics acquired the warehouse properties off East Adamo Drive and 39th Street in 2010 for $20.8 million, according to property records.

JLL represented the seller in the transaction and worked on behalf of the new owner to arrange acquisition financing. The JLL Capital Markets Investment Sales and Advisory team was led by Luis Castillo, Cody Brais and David Orta Jr. JLL’s Melissa Rose, Jovi Rodriguez and Duncan Miller spearheaded the debt advisory team.

"This portfolio represented a rare opportunity to acquire critical mass in one of Florida's strongest industrial markets," Castillo said in a release. "With Tampa's supply-constrained environment and the significant mark-to-market potential of these infill assets, East Capital Partners has positioned themselves exceptionally well in a market that continues to demonstrate remarkable rent growth and demand fundamentals."

The portfolio fronts the Selmon Expressway and is within 10 minutes of Tampa’s central business district, Tampa International Airport, Port Tampa Bay and major interstate highways.

East Capital Partners invests in real estate and developments in the Eastern U.S. In the Southeast, the firm has acquired eight assets in Miami, one in Orlando, three in Jacksonville and six in Port St. Lucie. The East Tampa property is the company’s first acquisition in the Tampa Bay area.

Cushman & Wakefield executive director Lisa Ross and director Sam Korolos are listed as the leasing agents for the portfolio on East Capital Partners’ website.

By Emma Behrmann – Reporter, Tampa Bay Business Journal