NexPoint currently owns 1.6 million net rentable square feet of industrial real estate across Texas and Florida and is partnering with Basis Industrial to manage the newly acquired properties.
The acquisitions total 254,000 square feet.
Basis will be expanding the park with an additional 7,500 square feet of warehouse space, which will bring the total square footage to 193,000 square feet. The park currently has over 125 tenants and over 150 bays.
The company will self-manage the property and two additional industrial properties it is acquiring this fall in Central Florida and on the Space Coast.
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