Publications

Basis Industrial acquires multi–industrial tenant property in Orlando for $19.5m
Transactions - MARCH 28, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Basis Industrial acquires multi–industrial tenant property in Orlando for $19.5m

by RELEASED

Basis Industrial closed on/acquired the 96,810-square-foot Global Business Center, a multi–industrial tenant property located at 5776, 5790 and 5818 Hoffner Avenue in Orlando, Fla., near Orlando International Airport, on March 22, 2024, for $19.5 million.

Anthony Scavo, president and COO, and Ahmad Elayyan, head of acquisitions at Basis Industrial, represented the company in the off-market transaction. LH Capital Partners and The Bywater Company represented seller Jun Tagami. Reinsurance Group of America is providing financing for the purchase. Current tenants include MicroGenDX, Leak Testing, Sherwin Williams, Innova, US Army, V12 Promotions, CreditMax and more.

Basis's planned renovations to the property include roof maintenance and replacement; exterior upgrades and improvements; interior suite renovations; CCTV; and signage for BaySpace, the property management arm of Basis Industrial.

"We are very happy to expand further into the Orlando market," said Sca

Forgot your username or password?