JLL secures lease for company moving from New York to Tampa

Tampa, FL, July 10, 2024 – JLL announces today that Supplement Manufacturing Partners (SMP Nutra), one of the leading supplement manufacturers in the industry, has taken 103,494 square feet of industrial space at 12333 Enterprise Blvd. in Largo, Florida. The company is relocating its headquarters from Long Island, New York to the new facility in Pinellas County, which will accommodate future growth and expansion of the company’s operations in the Tampa metro area and house over 100 employees.

JLL’s Senior Managing Director, Peter Cecora, Executive Managing Director, John Dunphy, and Associate, Olivia Brock, represented the tenant, SMP Nutra, in the lease negotiations. The landlord, a joint venture between The STRO Companies and Kushner Companies, was represented by the Industrial Realty Solutions team of Deron Thomas, Tyler Thomas, and Kyle Harris.

“We worked closely with SMP Nutra to identify a suitable location within the greater Tampa market to relocate its New York headquarters. Given the significance of this move, we zeroed in on the Largo market given the availability of adequate commercial space and access to manufacturing labor,” said JLL’s Peter Cecora. “The swift completion of the lease highlights the area’s attractiveness as a place to live, the competitive nature of the real estate market in the region today and underscores the continued business migration to Florida.”

The property leased is comprised of two commercial buildings located at 12333 Enterprise Blvd. North and South that provide easy access to major transportation routes. Both buildings total a combined 91,000 square feet of warehouse space and 12,000 square feet of office space that spans a three-acre site. The facility offers high perimeter warehouse windows, front parking, rear loading facility, a clear height ranging from 14 to 30 feet, 10 dock well loading doors, and two grade level loading doors.

SMP Nutra stands as a premier supplement manufacturer, with over 700 different stock formulas and using the most modern machinery in creating quality products. The company offers turnkey service, with the ability to perform all tasks needed to manufacture all forms of supplements, including tablets, soft gels, powders, and gummies, in addition to compliance, graphic design, and fulfillment. The company plans to move some executives from New York to Tampa and will also hire additional employees locally.

“Florida’s business-friendly environment, coupled with a robust labor market, makes it an ideal location to move our headquarters and expand our business operations,” said Steve Milano, owner of SMP Nutra. “We are excited about making this move to the Tampa market, which will create local jobs and have a positive impact on our company’s future.”

JLL’s Q1 Industrial Report highlights Tampa Bay’s industrial market appeal, with 5.4 million square feet of new space under construction and a vacancy rate of just 4.7%, marking the 17th consecutive quarter of sub-5% vacancy. This robust demand underscores the desirability of the market, supporting the strategic move by SMP to relocate its headquarters to Largo, given that Pinellas County is home to a robust manufacturing industry.