Basis Industrial Secures $137.78M Acquisition Loan For Fort Worth Industrial Property

The property asset involved in the transaction is located at 2901 Suffolk Drive in Fort Worth, featuring an industrial asset type with a total square footage of 1,107,509. The loan amount secured for the acquisition is $137,775,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $137,775,000
• Address: 2901 Suffolk Drive
• Market: Fort Worth
• Asset Square Footage: 1,107,509
• Lender: Carl Goldsmith & Scott Klein - Beach Point Capital Management; Josh Harris - 26North
• Landlord: Dan Weinstein, Jay Massirman, Stephen Garchik & Anthony Scavo - Basis Industrial
• Landlord's Representative: Jordan Roeschlaub, Nick Scribani, Jonathan Firestone & Andrew Porteous - Newmark
• Loan Type: Acquisition

The deal involves key individuals including lenders Carl Goldsmith and Scott Klein from Beach Point Capital Management, along with Josh Harris from 26North. The representation for the landlord includes Dan Weinstein, Jay Massirman, Stephen Garchik, and Anthony Scavo from Basis Industrial, with support from their brokers Jordan Roeschlaub, Nick Scribani, Jonathan Firestone, and Andrew Porteous from Newmark.