Basis Industrial closed on a new industrial portfolio in the Dallas-Fort Worth area, adding 519,476 square feet to its holdings. The all-cash transaction closed on May 1, 2025.

The acquisition includes Arapaho 1–9 and Westwood, a series of infill industrial properties located in Richardson, Texas. This marks Basis Industrial’s first investment in the Richardson submarket and brings the company’s total DFW presence to more than 2 million square feet.

The new regional office will be located at Arapaho 7 and will serve as the central hub for Basis’ Texas operations under its property management arm, BaySpace.

Basis now owns and manages more than 5 million square feet of industrial and over 1.5 million square feet of self-storage space nationwide, with a projected pipeline of 2 million to 3 million additional square feet expected to close by year-end.