Basis Industrial Closes The Year With $36.5 Million Orlando Acquisition
TerraCap purchased the asset in October 2020 for $24,000,000.
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TerraCap purchased the asset in October 2020 for $24,000,000.
The Cushman & Wakefield Capital Markets team of Rick Colon, Mike Davis, and Rick Brugge represented Orlando Sportsplex, LLC in the transaction in collaboration with Glen Jaffee, who has also leased the property since 2020 and was retained by new ownership to continue that role.
Newmark’s Executive Managing Director Scott Ramey, Senior Managing Director Ryan Moody, Vice Chairman Patrick Dufour, Directors Brad Downing and Andrew Visnick and Associate Paul Grant were the sole brokers involved in the sale transaction.
Saunders, a national expert in conservation, has secured the future of 3,600 acres rich in biodiversity and necessary habitats for some of Florida’s most beloved wildlife.
The firm has appointed Rafael Mendez, CCIM, to lead the new office expansion.
The acquisitions total 254,000 square feet.
Newmark Multifamily Capital Markets Executive Managing Director Scott Ramey, Director Brad Downing, Vice Chairman Patrick Dufour, Associate Paul Grant, and Senior Managing Director Ryan Moody represented the seller in the transaction.
In only nine months since its initial launch, Basis has amassed a vast portfolio of existing multi-tenant industrial and self-storage space and development sites – with a focus on Florida and the Sun Belt.
The 1 million-square-foot Class A warehouse facility will cater to the underserved demand for industrial facilities in Volusia County, driven by the robust growth of the space vehicle launch industry along Florida’s Space Coast.
Cushman & Wakefield’s Glen Jaffee represented the seller and procured the buyer for the off-market transaction.
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