Basis Industrial Acquires Industrial Assets From Luke Colbert For $144.6 Million In Florida

The transaction involves the sale of industrial property located at 2825, 2875, 2885, 3005, 3025, 3055, 3075, 3300, 3350, 3305 & 3355 Breckinridge Boulevard, Lake Point Business Park, and 6200, 6220, 6250, 6280, 6300 & 6360 Hazeltine National Drive, Challenger South I & II, with the addresses of 12600 & 12612 Challenger Parkway. The market for this transaction is based in Duluth, GA, and Orlando, FL. The entire portfolio encapsulates 839,001 square feet, and the sale price is recorded at $144,600,000, equating to a price per square foot of $172.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $144,600,000
• Buyer: Basis Industrial
• Seller: Luke Colbert - Albany Road
• Brokers: Anthony Scavo - Basis Industrial & Luke Colbert - Albany Road Real Estate Partners

The deal highlights the coordinated efforts of key individuals such as Mo Beler, Sean Dunne, and Andy Scott, who played important roles in facilitating this transaction. The involvement of Albany Road is specifically noted, representing the seller in the successful closure of this property deal.