In the 3rd quarter of 2017, KI Celebration, LLC, a subsidiary of KI Florida Fund I, acquired an interest in Boulevard Development Partners, LLC, which owns a 4.85 acre tract of commercial land in Celebration, Florida. Boulevard Development Partners will develop a portion of this property into a climate controlled self-storage facility featuring nearly 700…
Hurricane Irma passed east of the Tampa Bay area between Sunday afternoon and Monday morning. Although Tampa was spared the devastating effects of a direct hit, the storm’s impact was significant, affecting everyone in the region in some way. Most of the area’s buildings lost power at least temporarily, and some (including our own office)…
In May of 2017, KI Florida Fund acquired Hanna Warehouse II, a multi-tenant, 70K sq. ft. office building in Tampa’s Westshore/Airport industrial submarket. This market experienced a downturn following the recession but has been seeing increasing demand and limited supply, with current market vacancy under 10%. A steady shift in the composition of the consumer…
In April of 2017, KI Florida Fund acquired a Bayview, a three-story, 72,751 sq. ft. office building at 11300 4th St North in St. Petersburg, Florida. At the time of acquisition, the property was more than 90% occupied, and is home to Cox Media (an operator of 5 popular radio stations in the Tampa Bay…
Kennedy Investments is pleased to announce the sale of its Tampa Community Partners residential rental portfolio to Sterling Bay Investments, a local residential rental home operator in Tampa. The portfolio will henceforth be known as Heights Historic Homes, LLC and it will continue to provide affordable, attractive homes for sale and rent to the community.…