At Basis Industrial, we continue toexpand our national footprint with the acquisition of a multi-tenant industrialportfolio spanning the Atlanta and Orlando markets, completed in partnershipwith One Investment Management (OneIM). The $144.6 milliontransaction reflects our disciplined approach to growth through well-located,shallow bay industrial assets in high-performing regions.
The portfolio totals approximately839,001 square feet and includes assets in Duluth, Georgia, and key submarketsthroughout Orlando, Florida. These properties provide immediate scale in twomarkets that continue to demonstrate strong tenant demand, population growth,and long-term industrial fundamentals.
Strengthening Presence in Key GrowthMarkets
This acquisition represents ameaningful step in our continued expansion across the Southeast. While we havemaintained a strong presence in Florida, the transaction further deepens ourfootprint in Central Florida while establishing a significant entry point intothe Atlanta market.
Both regions serve as critical hubsfor logistics, service-based tenants, and small businesses that rely onfunctional, well-located industrial space. The portfolio’s concentration inshallow bay product aligns with our long-term investment strategy, focused onflexibility, accessibility, and consistent tenant demand.
Relationship-Driven Execution
The transaction was sourced andpursued over an extended period, reflecting our targeted, relationship-drivenapproach to acquisitions. Under the leadership of Anthony Scavo, our presidentand managing partner, we continue to prioritize opportunities where operationalexpertise and certainty of execution create a competitive advantage.
This approach remains central to ourability to secure off-market transactions and perform in competitiveacquisition environments, particularly for portfolios that attract significantinstitutional interest.
Scaling Through Strategic Partnership
The acquisition also marks the initialinvestment within a broader programmatic joint venture between Basis Industrialand One Investment Management. The partnership is expected to aggregate between$1 billion and $1.5 billion in industrial properties across the United States,with a focus on multi-tenant assets that benefit from active management andoperational efficiencies.
By combining our vertically integratedplatform with OneIM’s global investment capabilities, the venture is positionedto scale efficiently while maintaining a disciplined and consistent investmentapproach.
Focus on Multi-Tenant IndustrialPerformance
Multi-tenant, shallow bay industrialassets remain a core focus for us due to their resilience across market cycles.These properties support a diverse tenant base, including local businesses,service providers, and regional operators, helping to drive stable occupancyand long-term performance.
Through our BaySpace management platform, we willimplement operational strategies across the portfolio designed to enhancetenant experience, improve efficiency, and unlock additional value over time.
Continued Growth Across a NationalPlatform
As we continue to scale, acquisitions in markets such as Atlanta andOrlando reinforce our focus on high-growth regions supported by strongunderlying fundamentals. With more than 8 million square feet currently ownedand additional expansion expected, we remain focused on disciplined growththrough targeted acquisitions and active asset management.
We operate across a diverse set of markets nationwide, including Florida,Pennsylvania, New Jersey, New York, Texas, Georgia, Los Angeles, Alabama,Massachusetts, Michigan and select urban markets. This geographically balancedportfolio supports long-term performance by aligning market selection withtenant demand, operational execution and local economic drivers.
About Basis Industrial
Basis Industrial is a verticallyintegrated real estate owner and operator formed by industry veterans andsponsors Jay Massirman, Stephen Garchik and Daniel Weinstein.Anthony Scavo runs the day-to-day activities of the company, serving aspresident and managing partner. Together they have over 100 years of combinedReal Estate Development and Management experience. Basis currently ownsmore 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 of2026. Active markets for Basis include Florida, Pennsylvania, New Jersey,New York, Texas, Boston, Georgia, Los Angeles, Alabama and select urban marketsnationwide. In total, the sponsors have developed and managed over 15 millionsquare feet of real estate assets including self-storage, industrial, retail,office and residential. BaySpace is the property management arm of Basis. BasisIndustrial was ranked the No. 1 fastest-growing company by South FloridaBusiness Journal in 2023, ranked No. 3 in 2024 and No. 4 in 2025. In 2024 and2025, Basis was the winner of Commercial Observer’s Breakthrough Awards in theIndustrial Transaction of the Year category in 2024 and Innovation inIndustrial in 2025. For more information, visit www.basisindustrial.com or www.bayspace.com.