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Hines sells Tampa industrial park for $94.5 million

May 13, 2024 - Houston-based Hines, the global development firm working with the Tampa Bay Rays to redevelop St. Petersburg’s Historic Gas Plant District, has sold the Tampa Commerce Center for $94.5 million. A corporate entity linked to New York-based Blackstone, an investment management company, acquired the property in an all-cash deal. Hines leased the industrial park to the Ball Corporation, an aluminum packaging manufacturer. 

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