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1218-1232 Winter Garden Vineland Road, 370-774 Northlake Boulevard, 4500-4870 North Powerline Rd & 7550-7800 Southland Blvd; & 2301-2759 Ludelle Street, 2301-2367 Blue Smoke Court,2424 Blue Smoke Court South & 2400 Ludelle Building
SOLD

Basis Industrial Acquires $220M Industrial Portfolio In Florida & Texas

1218-1232 Winter Garden Vineland Road, 370-774 Northlake Boulevard, 4500-4870 North Powerline Rd & 7550-7800 Southland Blvd; & 2301-2759 Ludelle Street, 2301-2367 Blue Smoke Court,2424 Blue Smoke Court South & 2400 Ludelle Building

Industrial
9,390,828 SF
clock iconSold 226 days ago
Robbie McEwan
Eden Abraham
Cody Brais
+ 4
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Summary

Sale
MICHIGAN
Industrial
9,390,828 sqft

Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida, recently completed a notable transaction in the industrial sector. On November 30, 2023, they acquired a portfolio consisting of four commercial properties in Florida and Texas. The properties are located at 1218-1232 Winter Garden Vineland Road, 370-774 Northlake Boulevard, 4500-4870 North Powerline Rd & 7550-7800 Southland Blvd, and 2301-2759 Ludelle Street, 2301-2367 Blue Smoke Court,2424 Blue Smoke Court South & 2400 Ludelle Building. This significant purchase, inclusive of all six properties, was valued at an impressive $220 million.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $220,000,000
  • Square Footage: 1,328,443 SF
  • Price per Square Foot: $166
  • Market: Florida & Texas

The buyers in this transaction were Anthony Scavo, Daniel Weinstein, and Taylor Colbert. Anthony Scavo and Daniel Weinstein represent Basis Industrial, while Taylor Colbert is associated with NexPoint. On the other side, the sellers involved in this deal were Westminster Capital, Taurus Holdings, and Tillar/LanCarte, PHP. Multiple brokerage firms played a role in the transaction, with Cody Brais and Robbie McEwan representing JLL, Ronald J. Rogg representing CBRE, and Eden Abraham, Stephen Bailey, and Zach Riebe representing Newmark. The senior debt for the transaction was provided by Bank United, Banesco, and Thorofare.

It is important to note that Basis Industrial also refinanced two of their existing commercial properties in Florida as part of this transaction. In total, their recent acquisition and refinancing efforts demonstrate their commitment to expanding their real estate portfolio and strengthening their presence in the industrial sector.

Players

  • All

    12

  • Agents

    6

  • Agencies

    3

  • Lenders

    3

Robbie McEwan's profile picture
Robbie McEwan
JLL-image
Senior Director
$620.8M Sold
Eden Abraham's profile picture
Cody Brais's profile picture
Zach Riebe's profile picture
Stephen Bailey's profile picture

Details

Deal Summary
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SOLD
IMAGE: Taylor Colbert, Zach Riebe, Jay Massirman, Stephen Bailey, Anthony Scavo, Eden Abraham, Daniel Weinstein, Robbie McEwan, Steve Garchik, Cody Brais, Ronald J. Rogg, Ahmad Elayyan & Rob Harris DATE: 11/30/2023 ADDRESS: 1218-1232 Winter Garden Vineland Road, 370-774 Northlake Boulevard, 4500-4870 North Powerline Rd & 7550-7800 Southland Blvd; & 2301-2759 Ludelle Street, 2301-2367 Blue Smoke Court,2424 Blue Smoke Court South & 2400 Ludelle Building MARKET: Florida & Texas ASSET TYPE: Industrial BUYER: Anthony Scavo (@AnthonyScavoJr) & Daniel Weinstein - Basis Industrial - (@BasisIndustrial) & Taylor Colbert - NexPoint SELLER: Westminster Capital, Taurus Holdings & Tillar/LanCarte, PHP BROKERS: Cody Brais (@Cody_Brais) & Robbie McEwan - JLL (@JLL), Ronald J. Rogg - CBRE (@CBRE), Eden Abraham, Stephen Bailey (@StephenbBailey9) & Zach Riebe - Newmark (@Newmark) SENIOR DEBT PROVIDED BY: Bank United, Banesco & Thorofare SALE PRICE: $220,000,000 SF: 1,328,443 ~ PPSF: $166 NOTE FROM BUYER: Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida, closed on/purchased four commercial properties in Florida and Texas, as well as refinanced two of its current commercial properties in Florida on Nov. 30, 2023. Totaling $220 million, the transaction encompasses all six properties under one portfolio.

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Address1218-1232 Winter Garden Vineland Road, 370-774 Northlake Boulevard, 4500-4870 North Powerline Rd & 7550-7800 Southland Blvd; & 2301-2759 Ludelle Street, 2301-2367 Blue Smoke Court,2424 Blue Smoke Court South & 2400 Ludelle Building

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