Anthony Scavo Of Basis Industrial Acquires 42-Building Industrial Portfolio In Hialeah For $84.75M

A 42-building industrial portfolio located in Hialeah, Florida, was acquired by Basis Industrial for $84.75 million. The portfolio encompasses a total square footage of 396,135, with the price per square foot being $213. This transaction spans multiple locations, including West 31st Place, West 32nd Place, West 33rd Place, West 8th Court, West 27th Street, West 28th Street, and 7395 West 18th Lane.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $84,750,000
• Buyer: Anthony Scavo - Basis Industrial
• Seller: TA Realty
• Buyer's Representative: Anthony Scavo - Basis Industrial
• Seller's Representative: Jose Lobón - CBRE
• Square Footage: 396,135
• Price per Square Foot: $213

Anthony Scavo, President and Managing Partner of Basis Industrial, led the acquisition, positioning the company as one of the largest landlords in Hialeah following this transaction. The deal was facilitated by real estate professionals including Jose Lobón of CBRE representing the seller.