Basis Industrial Leases 8,000 SF Industrial Space In Armonk, New York To Jantile

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.