Hiffman National Awarded Management Of Flex Industrial Portfolio

PINELLAS PARK, FL — Hiffman National, a leading commercial property management firm whose portfolio comprises 130 million square feet of office, industrial and retail space across the U.S., announced it has been retained by Hollywood-based Hersh Equity Group to manage four of its Tampa-area assets totaling nearly 200,000 square feet.

The properties include:

• 8800 Office Park, 8800 49th St., Pinellas Park – a multi-building, 47,003-square-foot office park
• Park Place Industrial, 3851 62nd Ave., Pinellas Park – a 77,149-square-foot warehouse
• Park Village North, 11350 66th St. N, Largo – a 35,598-square-foot flex/industrial building
• Plaza Center, 1301 Seminole Blvd., Largo. – a 36,470-square-foot office building

“Hersh Equity Group has a track record of achieving strong yields thanks in large part to its high-engagement approach to asset management,” said Jim Tainter, senior vice president, Sun Belt Region for Hiffman National. “These assets are in two submarkets that cater to smaller flex industrial and office tenants and have historically high occupancy rates. Tampa’s industrial market has displayed significant growth over the past few years, highlighted by accelerated leasing activity and strong rent growth, while the office market has shown signs of stabilization.”

In addition to overseeing day-to-day operation of the assets, Hiffman National will manage rent collection, accounting, financial reporting, engineering, maintenance and capital improvements.

“Hiffman National’s ability to scale operations while maintaining personalized service at the property level, as well as its experience with similar product nationwide, was crucial in our decision to hire their team,” said Juda Hersh, president of Hersh Equity Group. “Together, we can continue to provide the Largo and Pinellas Park submarkets with space options that fit our investment needs.”

Hiffman National manages more than 130 million square feet of commercial property in 27 states, including 3.1 million square feet in Florida.

This press release was produced by Hiffman National. The views expressed here are the author's own.