Basis Industrial acquires industrial portfolio in Tampa, Florida for $33m

Basis Industrial, a Florida-based real estate owner and operator, has acquired an industrial portfolio in Tampa for $33 million.

The assets involved in the deal are Brandywine Business Center at 3801 Corporex Park Drive, Corporex Plaza at 3902 Corporex Park Drive, and Presidents Plaza Business Center at 4801 George Road.

Basis Industrial said that it intends to heavily invest in the portfolio.

The properties, which total 224,108 sqft on 16.1 acres are the first assets of Basis Industrial in Tampa. This acquisition propels Basis Industrial to manage and own over two million square feet of mixed-use commercial and multi-tenant industrial real property.

Basis Industrial has been buying this type of asset since the company’s launch in January 2022.

Basis Industrial acquires industrial portfolio in Tampa, Florida for $33m. Photo courtesy of Basis Industrial

Current customers leasing in the Tampa industrial portfolio include Joffrey’s Coffee, Pharmscript of Florida, Acree Air Condition, Tri-Ed Distribution, Ademco, Echo UES, Inspectorate America, IGT Global Solutions, National Flood Expert, Sunrun, Rauland-Borg Corporation, and others.

Basis Industrial intends to increase its reach within the Tampa Metropolitan Statistical Area (MSA).

It utilizes its subsidiary management firm BaySpace for the management of its industrial assets. BaySpace is now home to more than 20 employees, and oversees the entire two million square feet of space that Basis Industrial has purchased.

Daniel Weinstein — Basis Industrial CEO said: “We are thrilled to expand to Tampa by purchasing these valuable properties that fit our acquisition strategy of multi-tenant industrial.

“We love Tampa and see many advantages to diversifying our portfolio by tapping into this market. We are bullish on Tampa and hope to grow to 1 million square feet here in the near future.”

“We feel strongly about the growth we are seeing in Tampa and the surrounding areas. We hope to take advantage of it by expanding our acquisitions of select properties.”