Basis Industrial acquired a $31.65 million seven-property multi-tenant warehouse portfolio across Florida's Space Coast. Five of the newly acquired properties are in Melbourne, Florida, with the other two located in Cocoa, adding up to a total of 275,000 square feet.
"We are extremely bullish on the future of the Space Coast as an emerging trade area servicing the aerospace industry," said Basis Industrial CEO Daniel Weinstein. "The region's overall growth trickles down to the industrial sector, creating strong demand for the small-bay warehouse space we specialize in. We look forward to implementing our business plan for this seven-property portfolio."
Basis uses its subsidiary management company, BaySpace, to manage the company's industrial assets.
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