Tampabay / April 8, 2022
By Breanne Williams – Reporter, Tampa Bay Business Journal
New Jersey-based Jingoli Power has signed a long-term lease for a 10-acre industrial site in Clearwater.
Cushman & Wakefield arranged the industrial land lease at the Gaston Tree Debris Recycling site at 3565 126th Ave. Cushman & Wakefield oversees the leasing of the entire 29.5-acre site, including the 10 acres Jingoli Power occupies. There are 10 additional acres still available for lease.
John Jackson, JT Faircloth and Casey Perry of Cushman & Wakefield represented the landlord, Gaston Tree Debris Recycling LLC, in the lease negotiations. Scott Alteri of JLL represented Jingoli Power LLC.
“While this site is prime for industrial development, the landlord purchased it with the intention of leasing it for outdoor storage,” Jackson, senior director at Cushman & Wakefield, said in a release. “Just a short three months later, and their vision is already becoming a reality with only 10 of the 29.5 acres on the site still available.”
The property has fenced outdoor storage space with utilities and is zoned for heavy industrial use. It lies under 2 miles from Interstate 275 and approximately 3 miles from U.S. Highway 19.
Jingoli Power provides services for “complex gas and electric utility construction projects,” according to its website. The company has project sites throughout the country, including in Florida, Texas, California and Georgia.
“This site is a great asset as demand for outdoor storage in Pinellas County is extraordinary, but supply is almost nonexistent due to lack of available land and the county being the most densely populated in the state of Florida,” Jackson said.
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