EML Realty Partners (EML), a Florida-based industrial investment firm focused on strategic acquisition and value creation, today announced the acquisition of a 68,400-square-foot industrial warehouse located at 3200 Tyrone Blvd, St. Petersburg, FL. The $7.2 million acquisition represents a key addition to EML’s growing portfolio, pushing the firm’s total transaction volume past the $325 million.

The property is 100% leased to First Nation Group, a prominent distributor of medical-surgical equipment for the federal government. Positioned within the high-barrier South Pinellas County sub-market, the asset features functional specifications including six dock-high doors and two acres of dedicated industrial outdoor storage (IOS)—a high-demand component in a region characterized by record-low vacancy.

“This acquisition perfectly aligns with our strategy of targeting functional infill assets with immediate mark-to-market potential,” said Eric M. Levitt, Founder of EML Realty Partners.“Securing this at a $105 per square foot basis, which is well below replacement cost, allows us to create a clear path for near-term appreciation and operational upside as we expand our presence on Florida’s West Coast. We’re excited to add another high-quality asset to the portfolio as we continue to scale our footprint in the state’s most supply-constrained corridors.”

The South Pinellas industrial market continues to boast robust fundamentals and aggressive tenant demand. With a three-year lease term remaining and rents currently trailing market averages, the investment offers a clear path for near-term appreciation and operational upside. 

About EML Realty Partners, LLC

EML Realty Partners is a Florida-based industrial investment firm focused on strategic acquisition and value creation. Led by industry veteran Eric M. Levitt, who brings more than 35 years of experience in acquisitions and asset management, the firm identifies opportunistic industrial real estate where local market expertise and disciplined strategy drive meaningful value. EML targets assets with below-market rent profiles and repositioning paths—including traditional warehouses, shallow-bay facilities, and industrial outdoor storage (IOS)—leveraging deep broker relationships and real-time market intelligence to source high-quality deals that meet strict risk-adjusted return criteria. The Florida portfolio consists of more than fifty properties with a value in excess of $300 million and over 1,000,000 square feet of leasable space. Learn more at www.emlrealtypartners.com or connect with us on LinkedIn.