Anthony Scavo Of Basis Industrial Acquires 25 Industrial Properties In Stone Mountain For $89.48M

The asset involved in the transaction is an industrial property located at 2046 West Park Place Boulevard in Stone Mountain, GA. The sale price of the property was $89,475,000, and it encompasses a total square footage of 621,759, translating to a price per square foot of $144.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $89,475,000
• Sale Date: 5/15/2026
• Buyer: Anthony Scavo - Basis Industrial
• Seller: Owen Middour
• Buyer’s Representative: Anthony Scavo - Basis Industrial
• Broker: Sean Dunne - Bank of Montreal (BOM)
• Broker: Andy Scott - One IM
• Square Footage: 621,759
• Price Per Square Foot: $144

This transaction involved the acquisition of a portfolio that includes 25 properties in the Stone Mountain and Tucker areas of Georgia, further enhancing Basis Industrial's holdings in the region. The properties within the portfolio are situated across several addresses, including multiple locations on Park Place Boulevard, Park Court, Parker Court, as well as Mountain Industrial Boulevard and Royal Atlanta Drive.