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Basis Picks Up 14-Property Texas Industrial Package
https://www.connectcre.com/stories/basis-picks-up-14-property-texas-industrial-package/
Connect CRE writes:
“asis Industrial purchased two commercial portfolios in Texas, totaling 900,000 square feet. Beach Point Capital Management lent money for the transactions, and Newmark facilitated the debt sourcing.
DFW II—eight properties in all, all located in DFW.
Basis Industrial, represented by its managing partner Anthony Scavo, closed on this 439,916-square-foot portfolio. Stephen Bailey of Newmark represented seller Birtcher Anderson & Davis. Current tenants include California Fruit Exchange, 1 Dust Group, Midpoint Auto Group, and Liturgical Publications. Basis plans for future renovations include exterior, roof replacement, HVAC replacement, drainage, landscape, and more.
DFW III—Four properties in Dallas, two in Houston
Scavo represented Basis in its off-market purchase of this 461,318-square-foot asset. Bailey represented seller Cofe. Current tenants are Francisco & Sons Auto, Ministerios Linaje Escogido, LX Granite, and Roof Management Services, Inc. Basis plans for future exterior renovations, roof replacement, HVAC replacement, drainage, landscape, and more.”
Read more in the original article below:
connectcre.com
Basis Picks Up 14-Property Texas Industrial Package - Connect CRE
Basis Industrial purchased two commercial portfolios in Texas, totaling 900,000 square feet. Beach Point Capital Management lent money for the transactions, and Newmark facilitated the debt sourcing. DFW II—eight properties in all, all located in DFW. Basis Industrial, represented by its … Continue reading
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