We’re proud to announce a major milestone for Basis Industrial: the acquisition of a 519,476-square-foot infill industrial portfolio in the Dallas-Fort Worth (DFW) Metroplex. This all-cash transaction closed on May 1, 2025, and marks our first investment in the Richardson submarket—a key area that aligns with our long-term growth strategy in Texas.
The newly acquired portfolio includes Arapaho 1–9 and Westwood, a collection of functional, well-located industrial properties that support our focus on scalable, high-performance assets in top-tier logistics markets. With this acquisition, our total footprint in the DFW region surpasses 2 million square feet.
Richardson stood out to us for its strong market fundamentals, limited supply, and long-term upside. The area also provides the perfect home for our first Texas-based management office, which will operate out of Arapaho 7. This new regional hub will be managed through BaySpace, our in-house property management division, and will oversee leasing and operations for our growing Texas portfolio.
As we continue to scale nationally, this acquisition strengthens our ability to deliver value across our portfolio. We now own and manage more than 5 million square feet of industrial space and over 1.5 million square feet of self-storage nationwide, with an additional 2 million to 3 million square feet expected to close by the end of the year.
At Basis, we’re committed to investing in high-demand markets and leveraging our vertically integrated model to manage assets efficiently and effectively. Our Texas expansion is just one part of the broader momentum that continues to define our national platform.
For more about our growing portfolio and to explore what’s next for Basis, visit www.basisindustrial.com.
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 5 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 the year. Active markets for Basis include Florida, Pennsylvania, New Jersey, New York, Texas, Boston, 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. In 2023, Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal. In 2024, Basis was the winner of Commercial Observer’s Breakthrough Awards in the Industrial Transaction of the Year category. For more information, visit www.basisindustrial.com or www.bayspace.com.