Industrial investor to pay $72 million for five Tampa properties

Basis Industrial has contracted to buy the portfolio through a new investment fund it designed for this deal.

  • By Louis Llovio
  • | 12:50 p.m. January 27, 2025
  • | 0 Free Articles Remaining!
South Florida-based Basis Industrial bought Clearwater 44 in December.
South Florida-based Basis Industrial bought Clearwater 44 in December.
Courtesy image
  • Tampa Bay-Lakeland
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Basis Industrial, a Delray Beach investment firm, has contracted to buy a five-property industrial portfolio in Tampa.

The deal has not closed yet and the addresses for the properties and seller have not been disclosed.

But Basis says in a statement the portfolio totals 472,512 rentable square feet across 18 buildings. They were bought, the company says, at about 50% below replacement cost.

 

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