Basis Industrial purchased a portfolio, including five business parks in the Tampa area, for $60 million. The properties ranged from 58,000 to 121,000 square feet.
Basis now owns and/or manages more than 5 million square feet of industrial space, with over $1 billion in assets under management (AUM). This portfolio acquisition doubled Basis’ presence in the Tampa area, bringing its total owned and managed square feet to over 1 million square feet in Tampa.
Anthony Scavo represented Basis Industrial in the purchase, while Bob Anderson of Birtcher Anderson represented the seller. Beach Point Capital Management provided financing for the purchase.
This collaboration marks the fourth transaction between Basis Industrial and Beach Point Capital Management, following a loan in August 2024 to acquire 1,107,509 square feet in Dallas, Houston, and Tampa.
Plans for renovations include repairs to parking areas, sidewalks, curbing, entrances, roof maintenance and replacements (where needed), exterior caulking, landscaping, and branding.
The post Basis Acquires 5-Property Tampa Warehouse Portfolio appeared first on Connect CRE.
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