Hydro-Dyne Engineering buys, relocating to Pinellas Park building
Hydro-Dyne Engineering Inc. purchased a 107,500-square-foot industrial building for $5 million.
The price equated to $47 per square foot. That figure is less than the two-year average price per square foot for industrial space ($104) in the Tampa Bay area, according to the CoStar Group.
The building occupies a 8.84-acre site.
Hydro-Dyne Engineering Inc. plans to relocate to the vastly larger facility from its about 20,000-square-foot existing location at 401 Douglas Road E., Oldsmar. The company says the new facility will dramatically expand its manufacturing, service and research and design capacity and improve its logistics network.