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

Property Image
SOLD
Zach Riebe
Stephen Bailey
Anthony Scavo
+ 1

Texas

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Industrial843,442 SF
Sold 11/30/2023
the dealplayerscompscontact
Property Image
SOLD

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

2301 Ludelle Street & 2759 Ludelle Street

See Similar Deals
Industrial843,442 SF
Sold 11/30/2023
Zach Riebe
Stephen Bailey
Anthony Scavo
+ 1
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:843,442 SF
Transaction Type:Sale

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.

Players

Stephen Bailey
Newmark
Stephen Bailey
48 deals$323.3M volume(214) 450-7470
BROKER
Zach Riebe
Newmark
Zach Riebe
32 deals$297.5M volume(979) 255-4431
BROKER
Basis Industrial
Basis Industrial
BROKERAGE
Anthony Scavo
Basis Industrial
Anthony Scavo
44 deals$1.3B volume
BUYER
Dan Weinstein
Basis Industrial
Dan Weinstein
13 deals$231.2M volume
BUYER

Details

SOLD
IMAGE: Stephen Bailey, Anthony Scavo, Dan Weinstein & Zach Riebe DATE: 11/30/2023 ADDRESS: 2301-2759 Ludelle Street MARKET: Fort Worth, TX ASSET TYPE: Industrial BUYER: Anthony Scavo (@AnthonyScavoJr) & Dan Weinstein - Basis Industrial (@BasisIndustrial) SELLER: Tillar/LanCarte BROKERS: Stephen Bailey (@StephenbBailey9) & Zach Riebe - Newmark (@Newmark) NOTE FROM BUYER: Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida, closed on/purchased four commercial properties in Florida and Texas, as well as refinanced two of its current commercial properties in Florida on Nov. 30, 2023. Totaling $220 million, the transaction encompasses all six properties under one portfolio.

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