MLG Capital buys Breckenridge portfolio

A Brookfield, Wis.-based investment firm has acquired 15 buildings within Tampa's Breckenridge Business Park for $22.5 million.

MLG Capital, a 30-year-old firm, has acquired more than 12 million square feet of office, industrial and retail space and thousands of apartments concentrated in Florida and three other states, according to its website.

The 334,279 square feet within the 51-acre Breckenridge park marks its first acquisition in the Tampa area, though it also owns a retail center in Bradenton.

MLG Capital's purchase of the 5802-5912 Breckenridge Parkway property comes as asking rents for industrial and flex space have pushed up by nearly 14% in the past year in the Tampa market, as demand has overtaken supply.
Breckenridge's tenants include Rosetta Technologies, Swagelok and Audio Fidelity Holdings, among others.

Ryan Vaught, an agent with commercial real estate brokerage JLL who together with John Dunphy and Robyn Hurrell represented seller Triangle Capital Group in the Breckenridge transaction, says the deal is a “testament to the strength of the market.”