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Basis Picks Up Nearly 1M-SF of DFW Warehouses
Basis Industrial purchased commercial assets in Texas and Florida totaling nearly 1 million square feet.
Beach Point Capital Management is the lender for the transactions with Newmark facilitating the debt sourcing. The acquired assets include:
DFW II, Dallas/Fort Worth area, Texas
Basis Industrial, represented by its managing partner Anthony Scavo, closed on this 439,916-square-foot asset, including eight properties. Stephen Bailey of Newmark represented seller Bob Anderson of Birtcher Anderson & Davis. Basis plans for future renovations including the exterior, roof replacement, HVAC replacement, drainage, landscape, and more. The properties are located Fort Worth, Haltom City, Irving, and Farmers Branch.
DFW III & Houston I,Dallas/Fort Worth and Houston area, Texas
Scavo represented Basis in its off-market purchase of this 461,318-square-foot asset. Bailey represented seller Cofe. Current tenants are Francisco & Sons Auto, Ministerios Linaje Escogido, LX Granite, and Roof Management Services, Inc. Basis plans for future exterior renovations, roof replacement, HVAC replacement, drainage, landscape, and more. The properties are located in Carollton, Dallas, Arlington and Houston.
- ◦Sale/Acquisition
