Latest News on Basis

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NexPoint Expands Industrial Real Estate Footprint with Acquisition of Four Small Bay Multi-Tenant Properties in Central Florida

DALLAS, June 20, 2023 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment platform, today announced the acquisition of four multi-tenant small bay properties in Central Florida. The acquisition consists of 13 buildings totaling 419,946 square feet of multi-tenant warehousing and industrial space. These types of facilities are typically smaller in size and are commonly referred... Read more >
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Boca Raton-Based Real Estate Owner & Operator Basis Industrial Acquires Tampa’s Brandywine Business Center, Corporex Plaza and Presidents Plaza Business Center for $33 Million

Properties are Basis' First Assets in Tampa BOCA RATON, FL (April 28, 2023) — Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Coconut Grove, Florida, closed on/purchased the “Tampa Industrial Portfolio,” including Brandywine Business Center at 3801 Corporex Park Drive, Tampa, FL, 33619; Corporex... Read more >
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Deerfield Beach industrial and retail building sold for $22 million

Basis Industrial purchased a two-story industrial/retail building in Deerfield Beach for $22 million. Crystal Pointe Commercial Properties, managed by Jeffrey Chauncey in Lighthouse Point, sold the 99,837-square-foot building at 4500 to 4870 N. Powerline Road to WMG Deerfield Small Bay Owner LLC, an affiliate of Coconut Grove-based Basis Industrial. Coral Gables-based Banesco... Read more >
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Basis Industrial Completes its First Multi-Tenanted Industrial Acquisition in Westchester County, NY

Rapidly growing real estate owner and operator picks up another 60,000 square feet of well-located, multi-tenant warehouse space including 100,000+ additional square feet of development potential. ARMONK, NY – (March 3, 2023) – Basis Industrial, a privately held and vertically integrated real estate owner and operator, continued its acquisition spree... Read more >
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Basis Industrial Completes $32 Million Orlando Acquisition, Buys Self-Storage Development Site in Melbourne, Florida

Rapidly growing real estate owner and operator picks up another 250,000-plus square feet of well-located, multi-tenant industrial and office space MIAMI, FL – (Dec. 1, 2022) – Basis Industrial, a privately held and vertically integrated real estate owner and operator, continued its flurry of acquisitions with the $32 million purchase... Read more >
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Basis Industrial Closes New Acquisitions in Orlando and St. Petersburg

Basis Industrial, a privately held and vertically integrated real estate owner and operator, just acquired two small-bay warehouse properties in Orlando and St. Petersburg, Florida. The growing firm has numerous additional acquisitions in the pipeline over the next few months. In Orlando, Basis purchased the former Belle Avenue Commerce Center,... Read more >
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Medley Industrial Site Trades For $38M

Looking to capitalize on demand from small warehouse tenants, a Miami-based firm specializing in self-storage facilities is expanding into industrial buildings with its recent $37.5 million purchase in Medley. An affiliate of Basis Industrial, formerly known as Miami City Self-Storage, bought Megacenter Palmetto, an 180,000-square-foot mixed-use site at 8600 Northwest South... Read more >
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MCSS Rebrands

MCSS Development & Investment LLC, which has previously specialized in self-storage acquisitions and development, has changed its name to Basis Industrial. The rebranding coincides with a broadening of its real estate investment interests to include “traditional” industrial properties. The company recently completed two related acquisitions in Medley and Orlando, Florida,... Read more >