EastGroup Properties has filed permits for the first warehouse at the planned Bell Creek Logistics Center in Riverview, advancing a redevelopment that will convert a former office campus into a five-building speculative industrial park spanning more than 550,000 square feet.
The permit covers a roughly 113,000-square-foot warehouse on Crescent Park Drive near Interstate 75. It is the first major vertical building permit filed for the project since the industrial real estate investment trust acquired the 66-acre property for approximately $32 million in 2025, when it announced plans to replace the existing office complex with a Class A logistics campus.
Plans call for Bell Creek to include five warehouse buildings totaling 552,377 square feet. The first phase consists of two speculative buildings totaling 225,531 square feet, which marketing materials indicate are expected to be delivered in the first quarter of 2027.
Unlike build-to-suit developments that begin after tenants commit to lease space, Bell Creek is planned as a speculative project, meaning EastGroup intends to construct the first buildings before announcing occupants. The strategy reflects the company’s long-standing focus on what the industrial real estate sector calls shallow-bay facilities, typically serving tenants seeking between 20,000 and 100,000 square feet rather than the million-square-foot distribution centers developed for large e-commerce operators…