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A Boca Raton real estate company has bought a portfolio with three business parks in Tampa totaling 224,108 square feet of space on 16.1 acres.
Basis Industrial, the buyer, paid $33 million for the package.
The purchase is the company’s first in the Tampa market as it looks to expand in the area with plans to grow to "one million square feet here in the near future.” In a statement, Basis says that with these properties, it now owns and manages more than two million square feet of multi-tenant industrial and mixed use commercial real estate. It is scheduled to close on another 1 million square feet this year.
Marcus & Millichap represented the seller and JLL provided the financing.
The three properties included in the portfolio are:
The Brandywine and Corporex centers are near Dr. Martin Luther King Jr. Boulevard and Interstate 4 on the east side of the city. Presidents Plaza is near Tampa International Airport, just south of Hillsborough Avenue.
According to the statement, clients currently leasing space in the three centers include Joffrey’s Coffee, Acree Air Condition, Pharmscript of Florida, Tri-Ed Distribution, Inspectorate America, IGT Global Solutions and Rauland-Borg Corp.
Basis, which was founded January 2022, says it plans to “invest heavily” in the portfolio.
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