Transwestern Development, Crows Holdings sells warehouse in Florida

Transwestern Development Co. (TDC®), in partnership with a real estate fund advised by Crow Holdings Capital (CHC), has sold University Park at Bridgewater, a 713,000-square-foot warehouse accompanied by a six-acre parcel, at 6200 State Road 33 N. in Lakeland, Fla.

Boston-based AEW Capital Management purchased the property, which is 100 percent leased to HCA Healthcare. The sales price was not disclosed.

Situated between Orlando and Tampa, University Park at Bridgewater is one of the largest speculative industrial projects ever built in the state of Florida. Building #100, the 713,000-square-foot warehouse occupied by HCA Healthcare, is the first asset to be completed on the former site of Golf Club at Bridgewater. The partners acquired the 183-acre property in 2018 and worked with the city of Lakeland to rezone for industrial use.

“The surge in demand for modern, large-block warehouse and distribution space requires out-of-the-box thinking, especi