Basis Industrial Purchases Three Industrial Properties In Texas And Florida From Bob Anderson And Andres Fernandez

The transaction involved multiple commercial real estate assets located at various addresses, including 2901, 2905, 2921, 2951 Suffolk Drive, 1655-1663 Hickory Drive, 1100-1220 Luke Street, 2526 Manana Drive, 4101 Lindbergh Drive, 3300 Garden Brook Drive, 3113 C Garden Brook Dr, 3109 Garden Brook Drive, 1510 Randolph Street, 2650 Northaven Road, 10031 Monroe Drive, 3201-3217 East Pioneer Parkway, 13475 Fondren Road, and 7330-7334 Rampart Street. The properties are situated in the markets of Fort Worth, Haltom City, Irving, Dallas, Farmers Branch, Carrollton, and Houston, comprising shallow bay multi-tenant industrial properties and an institutional-quality business park.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Buyer: Basis Industrial
• Seller: Bob Anderson - Birtcher Anderson & Davis; Andres Fernandez - Cofe Properties LLC
• Brokers: Anthony Scavo - Basis Industrial; Stephen Bailey - Newmark
• Date: 08/29/2024

Basis Industrial finalized the acquisition of three commercial assets totaling 1,107,509 square feet across Texas and Florida on August 29, 2024. Beach Point Capital Management served as the lender for these transactions, marking Basis’ third closure with them, reinforcing their ongoing relationship.