CHICAGO, June 17, 2025 -- Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today that its sixth investment fund, Green Courte Real Estate Partners VI, LLC and its affiliates, has acquired 1650 Hemlock Street, a 32-acre industrial outdoor storage (IOS) facility located in Tampa, Florida. The property sits in the attractive East Tampa industrial submarket and is adjacent to Port Tampa Bay.
The seller, Hendry Marine Industries, Inc., will lease back a portion of the site, including 1,600 linear feet of marine bulkhead. Hendry Marine Industries, together with Moran Environmental Recovery, LLC, which separately occupies part of the property, will utilize approximately half of the site, while Green Courte will redevelop the remaining 16 acres into new, well-located IOS space.
"With stable, long-term income in place combined with additional near-term redevelopment potential, 1650 Hemlock Street offers the flexibility to meet the needs of a wide variety of IOS users," said Jordan Kerger, Managing Director at Green Courte. "The property's direct waterfront access, heavy-industrial zoning, and proximity to port and rail infrastructure make it an ideal fit for our long-term IOS strategy. We're excited to continue expanding our presence in this sector and remain committed to identifying opportunities to grow our national footprint."
"This was a complex transaction," said Mike Hendry of Hendry Marine Industries. "We appreciated Green Courte's professionalism and solution-oriented approach throughout the process. We're excited to continue the relationship and maintain 1650 Hemlock Street as part of our long-term home in Tampa."
For information about leasing IOS space at 1650 Hemlock Street, please contact Brad Hutton at Franklin Street at (813) 793-8492 or Brad.Hutton@FranklinSt.com.
About Green Courte Partners, LLC
Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors. The firm has active investments in the following sectors: active-adult/independent senior living, land-lease communities, industrial outdoor storage, and near-airport parking. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte's goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit Green Courte's website at www.GreenCourtePartners.com.
This News is brought to you by Qube Mark, your trusted source for the latest updates and insights in marketing technology. Stay tuned for more groundbreaking innovations in the world of technology.
