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Industrial Real Estate Development: Basis Industrial’s Vision and What the Future Holds

Over the years, the industrial real estate sector has experienced transformative shifts. At Basis Industrial, a vertically integrated real estate owner and operator, our success story over these years stems from our unwavering focus on adaptability, innovation, and a deep understanding of niche markets.

Unpacking Our Success
With headquarters in Boca Raton, Basis Industrial has consistently leaned into innovation. Our specialization in niche real estate assets such as self-storage and multi-tenant industrial warehousing has set us apart, allowing us to gain unique opportunities across the U.S.

But more than the assets, we acquire, it’s our management approach that distinguishes us. Our property management arm BaySpace plays a pivotal role in ensuring each asset we oversee is expertly managed.

When reflecting on our significant growth, it’s clear that our team and the flexibility of our tactics are instrumental in our success. We’ve rapidly scaled with a nimble approach. For us, each acquisition is more than just a transaction — it’s an opportunity to tailor our management and improvement strategies.

Looking to the Future
While we’ve cemented our presence in Florida, our sights are set on expanding horizons. Texas and Alabama, both high-growth Sun Belt regions, are on our radar. Our mission remains clear: Identify and invest in promising industrial real estate, particularly in regions poised for significant growth.

Wisdom for the Next Generation of Entrepreneurs
South Florida offers a dynamic ecosystem for businesses. For budding entrepreneurs in the region, our advice is grounded in our own journey: stay prepared, be forward-thinking, maintain organization, adapt to changing scenarios, prioritize efficiency, uphold honesty, and always remain true to your commitments.

And as we often emphasize within our team, mistakes are part of any journey. The key is to treat them as learning opportunities. Understand them, learn from them, and most importantly, ensure they aren’t repeated.

The world of industrial real estate is rich with opportunity but requires a keen eye, proactive approach, and commitment to innovation. At Basis Industrial, our growth and success bear testament to our commitment to these principles. As we look to the future, we remain committed to excellence, growth, and the relentless pursuit of opportunities that lie ahead.

About Basis Industrial

Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors Jay Massirman, Stephen Garchik and Daniel Weinstein. Basis brought Anthony Scavo on as COO/President to run day-to-day activities of the company. Together they have over 100 years of combined Real Estate Development and Management experience. It has deep roots in the self-storage and industrial sectors. Basis currently owns over 3 million square feet of self-storage and industrial real estate and is scheduled to close and/or complete another 2 million square feet in 2024. Active markets for Basis include Florida, Pennsylvania, New Jersey, New York, Texas, Boston, Los Angeles, Alabama and select urban markets nationwide. In total, the sponsors have developed and managed over 15 million square feet of real estate assets including self-storage, industrial, retail, office and residential. In 2023, Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal. BaySpace is the property management arm of Basis. For more information, visit www.basisindustrial.com or www.bayspace.com.