Basis Industrial, represented by Dan Weinstein, has leased its 119,000-square-foot mixed-use self-storage, recreation, and warehouse facility located at 100 Business Park Drive in Armonk, New York. The facility, expected to open in January 2025, comprises multiple buildings with different tenants. The largest portion, measuring 82,500 square feet, will be an Extra Space branded/managed self-storage building. Sportime Pickleball has leased 22,500 square feet of the facility, while Jan-Tile/A&R Real Estate has secured 8,000 square feet of space. This transaction showcases the diverse range of tenants and functions within this property asset in the Armonk market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: N/A
• Address: 100 Business Park Drive, Armonk, New York
• Market: Armonk

The deal involved multiple key individuals and companies. Anthony Scavo, representing Basis Industrial, and Michael Rao from New York Commercial Realty Group acted as the landlord's representatives. The tenant, Sportime Pickleball Armonk, was represented by Jordan Barker. These individuals played crucial roles in negotiating and finalizing the lease agreement for the respective parties. Additionally, it is worth noting that the lease term spans 15 years with annual increases of $1 per square foot. This long-term commitment highlights the confidence and stability in the agreement between Basis Industrial and Sportime Pickleball Armonk.