East Capital & Tramview Acquire 8-Building Industrial Portfolio in South Florida
A joint venture between Tramview Capital Management and East Capital Partners has successfully acquired an eight-building small bay industrial portfolio in Port St. Lucie, Florida. This off-market transaction underscores the firms’ commitment to expanding their presence along the East Coast and capitalizing on the region’s strong industrial market fundamentals.
The newly acquired portfolio spans 133,172 square feet and is strategically positioned near Interstate 95, offering tenants unparalleled access to retail amenities, consumers, and Port St. Lucie’s rapidly expanding residential base. With more than 50,000 homes slated for development over the next five years, demand for industrial space in the region is projected to grow significantly, making this acquisition a timely and strategic investment.
Constructed between 2019 and 2024, the portfolio boasts modern industrial specifications designed to meet the evolving needs of tenants. Features include hurricane-resistant glass, 18-foot-plus clear heights, ample parking, flexible layouts, and aesthetically appealing facades. The most recent addition, located at 500 NW Stadium Drive, was completed in November 2024 and has already demonstrated strong leasing momentum at attractive rental rates. Meanwhile, the remainder of the portfolio is currently 95% leased, with a diverse mix of tenants catering to the area’s expanding population and business landscape.
Over the past two years, small bay warehouses across Florida and the broader U.S. market have outperformed other industrial property types. These properties have exhibited robust leasing performance, maintaining stable occupancy and achieving strong rental growth. The demand for small bay industrial space is driven by its scarcity in the market, as these properties are expensive to build and rarely come up for sale. This supply constraint has further solidified their status as a highly sought-after asset class.
Drew DeWitt, Co-Founder of East Capital Partners, emphasized the significance of the deal, stating, “We are excited to partner on this off-market deal with Tramview as we continue to expand our partnership across the East Coast. This portfolio was designed with the needs of the trade area’s tenants in mind, offering flexible suite sizes, optimal clear heights, ample parking for cars and box trucks, and the ability to easily divide or combine units. This level of adaptability enhances leasing optionality, driving tenant demand, ensuring diversification, and ultimately contributing to more stable cash flow for our investors.”
Rob Davies, Managing Partner at Tramview, echoed these sentiments, highlighting the strategic nature of the acquisition. “We are thrilled to collaborate with East Capital Partners in acquiring this well-located, functional portfolio in a high-growth market at attractive pricing. This investment not only provides a strong cash flow profile but also presents value-add opportunities to enhance income and generate compelling returns for our investors.”
The acquisition aligns with both firms’ investment strategies, which prioritize properties with strong market fundamentals, high tenant demand, and opportunities for long-term value creation. The stability and growth potential of small bay industrial assets, particularly in high-growth markets like Port St. Lucie, make them a desirable addition to their respective portfolios.
About East Capital Partners
East Capital Partners is a privately owned real estate investment firm focused on acquiring and developing institutional-grade commercial real estate assets across the Eastern United States. The firm’s leadership has deployed over $7 billion in capital across multiple property types and throughout the capital stack on behalf of its own balance sheet, institutional investors—including pension funds, sovereign wealth funds, endowments, and foundations—as well as high-net-worth individuals. East Capital Partners’ approach to value creation includes improving operational efficiencies, executing strategic leasing initiatives, undertaking property renovations, repositioning assets, and developing new projects from the ground up.
About Tramview Capital Management
Tramview Capital Management is a value-oriented real estate investment management firm specializing in institutional-quality real estate investments in high-growth markets across the United States. The firm’s leadership has overseen and managed approximately $5 billion in equity investments across a broad spectrum of property types and capital structures on behalf of institutional investors, wealth management firms, and high-net-worth individuals. Tramview’s strategic focus centers on identifying opportunities with strong risk-adjusted returns and executing asset management strategies that drive long-term value appreciation.
As demand for well-located, flexible industrial space continues to grow, this acquisition positions Tramview Capital Management and East Capital Partners at the forefront of an expanding asset class. The firms will continue to seek strategic opportunities in high-growth markets, leveraging their expertise and resources to unlock value and deliver strong returns for their investors.
