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Basis Industrial Acquires Tampa Portfolio for $33M
Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, FL, purchased Brandywine Business Center at 3801 Corporex Park Drive, Tampa, FL, 33619; Corporex Plaza at 3902 Corporex Park Drive, Tampa, 33619; and Presidents Plaza Business Center at 4801 George Road, Tampa, 33634 on April 28. The purchase price was $33 million. The total acquisition cost was over $35 million, as Basis plans to invest heavily in the property.
The properties, totaling 224,108 square feet on 16.1 acres, are Basis’ first assets in Tampa. This acquisition elevates Basis to owning and managing more than 2 million square feet of multi-tenant industrial and mixed-use commercial real estate. Basis has been acquiring this asset class since its launch in January 2022.
Anthony Scavo, COO and president of Basis Industrial, represented Basis in the transaction; Marcus & Millichap represented the seller. JLL sourced debt for the transaction.