Basis Industrial Acquires Three Industrial Assets In Texas And Florida From Bob Anderson And Others

The transaction involved three commercial assets located in Texas and Florida. The properties encompass shallow bay multi-tenant industrial structures and an institutional-quality business park. The total square footage of these assets amounts to 1,107,509 square feet. The addresses include multiple locations such as Suffolk Drive, Hickory Drive, Luke Street, Manana Drive, Lindbergh Drive, Garden Brook Drive, and others across markets including Fort Worth, Haltom City, Irving, Dallas, Addison, Farmers Branch, Carrollton, Arlington, and Houston in Texas, along with St. Petersburg in Florida.

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; Jeff McFadden - Taurus
• Brokers: Anthony Scavo - Basis Industrial; Stephen Bailey - Newmark; Dale Peterson & Joseph Chick - CBRE; Jeff McFadden - Taurus
• Lender: Beach Point Capital Management
• Date of Transaction: August 29, 2024

The deal was driven by involvement from key individuals including Basis Industrial, a real estate owner and operator based in Boca Raton, Florida, which has successfully closed three transactions with Beach Point Capital Management as the lender. The representatives for the parties involved were Anthony Scavo for Basis Industrial and Stephen Bailey for Newmark, alongside Dale Peterson and Joseph Chick from CBRE, and Jeff McFadden representing Taurus.