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Tuesday, November 10, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.98%+10 bpAs of Nov 10 5-year Treasury4.81%+14 bpAs of Nov 10 SOFR3.88%-1 bpAs of Nov 9 Effective Fed funds3.88%UnchangedAs of Nov 9

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Industrial construction start / NEWS

Creation and PCCP Begin Work on Tampa Industrial Park

The partners are building 301 Exchange on a 51-acre site, with completion targeted for late 2027.

Lucas GrantDevelopment & InfrastructureNovember 10, 2026 · 2 min read

A May 2025 aerial view of U.S. 301 and East Sligh Avenue in the Tampa area, before construction began on 301 Exchange. — A May 2025 aerial view of U.S. 301 and East Sligh Avenue in the Tampa area, before construction began on 301 Exchange. Photo: USDA National Agriculture Imagery Program · Public domain (USDA NAIP). Natural-color crop of the original georeferenced aerial photograph, exported as JPEG.

Project cost and construction

Creation and PCCP have started construction on 301 Exchange, an industrial development on Tampa’s east side. Creation principal Luke Georgiadis told the Business Observer that the project will cost $65 million. The figure is a project cost, not a property sale price. Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa - REBusinessOnline; 3-building industrial project worth $65M underway in Tampa | Business Observer

Work was in its early stages as of the Business Observer’s Nov. 9 report, with a ceremonial groundbreaking planned for the following weeks. Georgiadis said leasing had begun and that JLL’s Pete Cecora and Harrison Pithers were representing the property. The project team, which includes LGE Design Build, expects to deliver the park by the end of 2027, according to REBusinessOnline. 3-building industrial project worth $65M underway in Tampa | Business Observer; Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa - REBusinessOnline

Site and building plans

The development is planned at U.S. Highway 301 and East Sligh Avenue, about two miles from Interstate 4. The Business Observer reported that 39 acres of the 51-acre site are designated as wetlands. Creation’s property page says the site was acquired off-market, but does not identify the seller, price or acquisition date. Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa - REBusinessOnline; 3-building industrial project worth $65M underway in Tampa | Business Observer; 301 Exchange | Creation Capital Management (CCM)

Plans call for three rear-load buildings with 32-foot clear heights. The Business Observer put their individual sizes at 100,101 to 129,317 square feet and the total at 330,000 square feet; Creation’s property page lists a 329,000-square-foot total. REBusinessOnline reported that 301 Exchange is Creation’s first Florida development. 3-building industrial project worth $65M underway in Tampa | Business Observer; 301 Exchange | Creation Capital Management (CCM); Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa - REBusinessOnline

industrial construction development East Tampa