Real Estate Owner & Operator Basis Industrial Closes On/Purchases Portfolio Including Five Tampa-Area Business Parks Totaling 472,512 Square Feet for $60 Million

Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Florida, closed on/purchased a portfolio including five business parks in the Tampa, Florida area for $60 million on March 19, 2025. 

Basis now owns and/or manages more than 5 million square feet of industrial space, with over $1 billion in assets under management (AUM). This portfolio acquisition doubled Basis’ presence in the Tampa Metropolitan Statistical Area (MSA), bringing its total owned and managed square feet to over 1 million square feet in the Tampa MSA alone.

Basis Managing Partner Anthony Scavo represented Basis Industrial in the purchase, while Bob Anderson, Co-Chairman and Principal of Birtcher Anderson, represented the seller. Beach Point Capital Management provided financing for the purchase. Basis Industrial acquired this portfolio due to its strong relationship with the seller. 

This collaboration marks the fourth transaction between Basis Industrial and Beach Point Capital Management, following a loan in August 2024 to acquire 1,107,509 square feet in Dallas, Houston, and Tampa MSA. 

The properties include: 

• Bryan Dairy Business Park, 7201-7243 Bryan Dairy Road, Largo, FL 33777: 102,166 square feet

• Starkey Center I and II, 12345 Starkey Road / 12505 Starkey Road, Largo, FL 33773: 102,652 square feet

• Turtle Creek, 4900-4914 Creekside Drive, Clearwater, FL 33760: 121,217 square feet

• Cross Bayou, 11701 S. Belcher Road, Largo, FL 33773: 58,088 square feet

• ICOT IV & Condo, 13921-13923 Icot Boulevard / 13830-13922 N. 58th Street, Clearwater, FL 33760 

Current tenants within the portfolio include Weatherproofing Technologies, Inc.; Hoya Optical Labs of America, Inc.; RAI Care Centers of Florida I, LLC; Camelot Community Care, Inc.; Rotech Oxygen and Medical Equipment, Inc.; Moser Enterprises LLC; Tri-Tronics Company, Inc.; Risse Brothers School Uniforms, LLC; Affordable Solar Roof & Air LLC; 211 Tampa Bay Cares, Inc.; Beadtin LLC; E2Pack Corp.; National Organization of the New Apostolic Church of North America, Inc.; Trilogy Innovations; Suda Fit Inc.; and Research Development Manufacturing, LLC. 

Plans for renovations include parking area repairs, sidewalks, curbing, entrance repairs, roof maintenance and replacements (where needed), exterior caulking, landscaping, and branding. 

"We are pleased to acquire this portfolio, which meaningfully expands our footprint in the Tampa market," said Scavo. "With the support of our new Co-GP IV Fund, we were able to strategically secure these properties in Florida’s most densely populated county, where strong occupancy and demand continue to drive growth."

By ML Staff. Image by By steheap, Adobe Stock.