EastGroup Properties Expands Tampa Warehouse Operations

The developer is adding three industrial projects in Tampa following a major land acquisition at Crossroads Logistics Park.

Updated on Oct. 22, 2026 in Commercial

Wide shot of a modern concrete and steel warehouse facility with loading docks and a paved yard under a clear blue sky. — EastGroup Properties has launched three new warehouse projects in Tampa, marking a $73.7 million expansion at the company's Crossroads Logistics Park. AI Illustration. Upload story photo >

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EastGroup Properties has initiated three new industrial warehouse projects in Tampa, representing a $73.7 million investment. This development follows the company's September 2026 purchase of 30.3 acres at the Crossroads Logistics Park.

Why it matters

These additions are part of a broader expansion effort by EastGroup Properties, which currently has 21 active projects totaling 4.1 million square feet across its various markets.

The three Tampa projects span 604,000 square feet with a total projected cost of $73.7 million. As of October 20, the firm’s total portfolio of 21 active projects was 25% leased.

The players

EastGroup Properties

An equity real estate investment trust that focuses on the development, acquisition, and operation of industrial properties.

The details

The expansion at Crossroads Logistics Park will increase the facility from three buildings to five, supported by the recent $13.3 million land purchase. Projects in the Tampa pipeline include Crossroads 3 at $26.9 million, Oak Creek 1 at $4.2 million, and the Bell Creek 1 and 2 development at $42.6 million.

In September 2026, EastGroup Properties purchased 30.3 acres in Tampa.
As of October 20, 2026, active development projects were 25% leased.
The company released its earnings report on October 21, 2026.
Crossroads 3 and Oak Creek 1 are expected to transfer by October 2027.
Bell Creek 1 and 2 are expected to enter the company portfolio by October 2028.

Culture Shift

This development follows the company's 2026 corporate capital allocation strategy, which outlines a projected $360 million in acquisitions for the year. These warehouse projects capitalize on the ongoing demand for regional industrial logistics space in major growth markets.

The expansion of the Crossroads Logistics Park will likely alter the industrial traffic patterns and employment landscape for the surrounding Tampa area. Local residents may see an increase in construction activity over the next two years as these multi-building projects reach completion.

The takeaway

EastGroup Properties is scaling its industrial footprint in Tampa to meet long-term logistics demand. Investors and local stakeholders should monitor construction milestones scheduled for late 2027 and 2028.