Boca Raton investors pay $6.75 million for Pinellas portfolio

A Boca Raton real estate investment firm has bought a nearly 45,000-square-foot industrial portfolio in Pinellas County.

Basis Industrial bought Clearwater 44 at 14605 49th St. N. for $6.75 million through its Origin Fund, the firm's first private equity real estate fund. The all-cash deal closed Dec. 22. Its previous owner, the Hersh Equity Group, paid $3.75 million for the portfolio in 2021.

(Google maps, listings and Basis say the property is in Clearwater, but county property records say it is in Largo.)