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The Top 5 Factors for Success in Industrial Real Estate Development

In the industrial real estate industry, achieving great success is never a solo accomplishment. At Basis Industrial, we believe that collaboration and partnerships are the foundation of our operations. In today’s blog, we’re breaking down our top five key factors for success.

1. Synergy in Expertise

The world of industrial real estate development is multifaceted, requiring a range of skills. From analyzing markets to understanding architectural details and navigating legal requirements to engaging with communities, each area demands its own specialized knowledge. By working with a diverse team, in which each of our team members brings a different set of skills and abilities, we create thorough and well-rounded solutions.

2. Expanding Opportunities

By aligning with local developers, investors and/or governmental entities, Basis Industrial has successfully accessed prime real estate, streamlined permit acquisitions and gained insights from invaluable local industry experts.

3. Risk Mitigation

Varied viewpoints allow our team at Basis Industrial to anticipate potential challenges, devise appropriate strategies and distribute risks evenly, ensuring our team’s projects are resilient and sustainable.

4. Streamlined Operations

Effective partnerships lead to well-defined distribution of roles and responsibilities. Our team’s efficiency accelerates project timelines and optimizes resource allocation.

5. Building Long-Term Relationships

Within the real estate industry, maintaining relationships is extremely important. Our experience at Basis Industrial has shown that successful collaborations often pave the way for enduring lasting partnerships. These connections facilitate smoother future projects, foster growth and promote a cohesive sense of community within the industry.

At Basis Industrial, our commitment to collaboration has been a defining factor of our success. Our team’s expertise has strengthened our standing in both self-storage and industrial real estate. While we operate across key U.S. areas — from South Florida to Arizona and numerous city centers in between — it’s more than just having properties in various places. We carefully choose regions known for their strong economies and strategic importance. In these areas, our hands-on management style shines.

Our main focus is to deliver steady growth and boost value for our stakeholders, no matter the market’s ups and downs. If you’re interested in the potential of self-storage in industrial real estate, feel free to learn more at basisindustrial.com or reach out to us at info@basisindustrial.com.

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 4 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. BaySpace is the property management arm of Basis. In 2023, Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal. In 2024, Basis was the winner of Commercial Observer’s Breakthrough Awards in the Industrial Transaction of the Year category. For more information, visit www.basisindustrial.com or www.bayspace.com