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Basis Industrial Lands $32M, Seven-Property Portfolio on the Space Coast
Miami, FL-based Basis Industrial has completed the $31.7-million purchase of a seven-property portfolio on Florida’s Space Coast. The newly acquired assets total 275,000 square feet; five are in Melbourne and two are located in Cocoa.
Following the closing, Basis now owns and manages more than 850,000 square feet of multi-tenant industrial real estate. It has three more closings scheduled before the end of 2022 that will bring the firm’s total footprint to more than 1.25 million square feet.
“We are extremely bullish on the future of the Space Coast as an emerging trade area servicing the aerospace industry,” said Basis Industrial CEO Daniel Weinstein. “The region’s overall growth trickles down to the industrial sector, creating strong demand for the small-bay warehouse space we specialize in.”
Basis uses its subsidiary management company, BaySpace, to manage the company’s industrial assets.
- ◦Sale/Acquisition
