Basis Industrial Acquires Industrial Portfolio Including Texas Properties For $220M

The industrial property located at 2301-2759 Ludelle Street in Fort Worth, TX has been sold. The transaction took place on November 30, 2023.

Summary of transaction details:

• Property Type: Industrial
• Address: 2301-2759 Ludelle Street, Fort Worth, TX
• Market: Fort Worth, TX

The buyer of the property is Anthony Scavo and Dan Weinstein, representing Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida. The seller of the property is Tillar/LanCarte.

The brokers involved in the transaction are Stephen Bailey and Zach Riebe from Newmark.

According to Basis Industrial, this acquisition is part of a larger portfolio transaction that included the purchase of four commercial properties in Florida and Texas, as well as refinancing two existing commercial properties in Florida. The total value of the transaction amounts to $220 million.