Basis Industrial acquires three assets in Texas and Florida, totaling 1,107,509sf portfolio

Basis Industrial announced that it closed on the purchase of three commercial assets in Texas and Florida totaling 1,107,509 square feet on Aug. 29.

Beach Point Capital Management was the lender for the transactions with Newmark facilitating the debt sourcing, which encompasses multiple shallow bay multi-tenant industrial properties and an institutional-quality business park.

The three acquired assets include:

DFW II, Dallas/Fort Worth area: Basis Industrial closed on the 439,916-square-foot asset, including eight properties. Newmark represented seller Bob Anderson of Birtcher Anderson & Davis. The Texas properties benefit from their location near demand drivers and major transportation arteries. Current tenants include California Fruit Exchange, 1 Dust Group, Midpoint Auto Group and Liturgical Publications. Basis plans for future renovations, including the exterior, roof replacement, HVAC replacement, drainage, landscape and more. The properties are located