Basis Industrial Leases 8,000 SF Industrial Space In Armonk, New York To Jantile | 100 Business Park Drive | Industrial | Lease

Summary

Lease

NEW YORK

Industrial

8,000 sqft

The Basis Industrial has leased a 8,000-square-foot industrial property located at 100 Business Park Drive in Armonk, New York. The property is a part of a mixed-use self-storage, recreation, and warehouse facility expected to open in January 2025. The facility will also include an Extra Space branded/managed self-storage building spanning 82,500 square feet and a Sportime Pickleball facility spanning 22,500 square feet.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: Not mentioned
Address: 100 Business Park Drive, Armonk, New York
Market: Armonk

Jantile, represented by A&R Real Estate, has leased the 8,000-square-foot space within the facility. Basis Industrial, owned and operated by Dan Weinstein and Anthony Scavo, is a South Florida-based owner/operator of multi-tenant industrial assets. The company, with over 2 million square feet owned and managed, manages its properties under its affiliate BaySpace. The lease term for the space is 10 years with a $1 per square foot annual rent increase.

Details

Deal Summary

LEASED

IMAGE: Dan Weinstein & Anthony Scavo DATE: 07/28/2023 ADDRESS: 100 Business Park Drive MARKET: Armonk ASSET TYPE: Industrial LANDLORD: Basis Industrial (@BasisIndustrial) - Dan Weinstein & Anthony Scavo (@AnthonyScavoJr) TENANT: Jantile ASKING RENT: $18.50.50/ft ~ SF: 8,000 LEASE TERM: 10 years with $1 PSF annual increases. NOTE FROM LANDLORD: Basis Industrial has leased 100% of its 119,000-square-foot mixed-use self-storage, recreation, and warehouse facility in Armonk, New York during preconstruction. The facility is expected to open in January 2025. 82,500 SFT will be an Extra Space branded/managed self-storage building, 22,500 SFT will be leased by Sportime Pickleball, and 8,000 SFT is leased to Jan-Tile/A&R Real Estate. Basis is a South Florida based owner/operator of multi-tenant industrial assets, with over 2 million SFT owned and managed. Basis manages the properties under its affiliate BaySpace.

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Address100 Business Park Drive

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