At Basis Industrial, continued growth across high-demand industrial markets remains a core focus as the firm expands its small-bay industrial platform nationwide. Most recently, Basis Industrial acquired a 621,759-square-foot multi-tenant industrial portfolio across the Atlanta metropolitan area for $89.475 million, marking another major milestone in the firm’s 2026 acquisition strategy.
The off-market acquisition includes 25 buildings located throughout the neighboring communities of Stone Mountain and Tucker, Georgia, with assets positioned along West Park Place Boulevard, Parker Court and Mountain Industrial Boulevard.
The transaction represents the second acquisition completed through Basis Industrial’s recently launched programmatic joint venture with One Investment Management (OneIM), a global alternative investment manager focused on scaling a shallow-bay industrial platform across high-demand infill markets nationwide.
The portfolio is currently leased to 119 tenants and features a weighted average lease term of approximately 2.2 years, creating strong near-term mark-to-market opportunities while maintaining stable in-place cash flow.
This latest acquisition further expands Basis Industrial’s growing presence across the Atlanta market following the partnership’s recent 558,000-square-foot acquisition in Duluth earlier this year. Combined, the two Atlanta-area acquisitions represent nearly $100 million deployed across the market within just a few months during 2026. Following the close of this transaction, Basis Industrial now owns and manages approximately 1.2 million square feet across the Atlanta MSA.
As part of the firm’s value-add strategy, Basis Industrial plans to implement targeted improvements throughout the portfolio, including exterior upgrades, updated signage and branding, façade enhancements, roofing improvements, exterior lighting, paint and interior suite renovations.
Several of the acquired assets represent a significant share of existing shallow-bay inventory within their respective submarkets, positioning Basis Industrial to continue executing its hands-on management and operational improvement strategy throughout the Atlanta region. Properties located in Tucker also offer premier frontage along Mountain Industrial Boulevard and North Royal Atlanta Drive, providing strong visibility and access within one of the market’s most competitive industrial corridors.
The seller was Middour Investments, represented by Owen Middour. Basis Industrial was represented in-house by Anthony Scavo, president and managing partner. Financing for the acquisition was provided by Bank of Montreal (BMO).
Basis Industrial currently owns more than 10 million square feet of self-storage and multi-tenant industrial real estate, with an additional 2 million to 3 million square feet expected by the end of 2026. Active markets for Basis Industrial include Florida, Pennsylvania, New Jersey, New York, Texas, Atlanta, Los Angeles, Alabama, Massachusetts, Michigan and select urban markets nationwide. BaySpace serves as the property management arm of Basis Industrial.
About Basis Industrial
Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors Jay Massirman, Stephen Garchik and Daniel Weinstein. Anthony Scavo runs the day-to-day activities of the company, serving as president and managing partner. Together they have over 100 years of combined Real Estate Development and Management experience. Basis currently owns more than 7 million square feet of self-storage and industrial real estate, with an additional 2 million to 3 million square feet expected by the end of 2026. Active markets for Basis include Florida, Pennsylvania, New Jersey, New York, Texas, Boston, Georgia, Los Angeles, Alabama and select urban markets nationwide. In total, the sponsors have developed and managed over 15 million square feet of real estate assets including self-storage, industrial, retail, office and residential. BaySpace is the property management arm of Basis. Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal in 2023, ranked No. 3 in 2024 and No. 4 in 2025. In 2024 and 2025, Basis was the winner of Commercial Observer’s Breakthrough Awards in the Industrial Transaction of the Year category in 2024 and Innovation in Industrial in 2025. For more information, visit www.basisindustrial.com or www.bayspace.com.