Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Florida, closed on/purchased a portfolio including five business parks in the Tampa, Florida area for $60 million on March 19, 2025.
Basis now owns and/or manages more than 5 million square feet of industrial space, with over $1 billion in assets under management (AUM). This portfolio acquisition doubled Basis’ presence in the Tampa Metropolitan Statistical Area (MSA), bringing its total owned and managed square feet to over 1 million square feet in the Tampa MSA alone.
Basis Managing Partner Anthony Scavo represented Basis Industrial in the purchase, while Bob Anderson, Co-Chairman and Principal of Birtcher Anderson, represented the seller. Beach Point Capital Management provided financing for the purchase. Basis Industrial acquired this portfolio due to its strong relationship with the seller.
This collaboration marks the fourth transaction between Basis Industrial and Beach Point Capital Management, following a loan in August 2024 to acquire 1,107,509 square feet in Dallas, Houston, and Tampa MSA.
The properties include:
- Bryan Dairy Business Park, 7201-7243 Bryan Dairy Road, Largo, FL 33777: 102,166 square feet
- Starkey Center I and II, 12345 Starkey Road / 12505 Starkey Road, Largo, FL 33773: 102,652 square feet
- Turtle Creek, 4900-4914 Creekside Drive, Clearwater, FL 33760: 121,217 square feet
- Cross Bayou, 11701 S. Belcher Road, Largo, FL 33773: 58,088 square feet
- ICOT IV & Condo, 13921-13923 Icot Boulevard / 13830-13922 N. 58th Street, Clearwater, FL 33760
Current tenants within the portfolio include Weatherproofing Technologies, Inc.; Hoya Optical Labs of America, Inc.; RAI Care Centers of Florida I, LLC; Camelot Community Care, Inc.; Rotech Oxygen and Medical Equipment, Inc.; Moser Enterprises LLC; Tri-Tronics Company, Inc.; Risse Brothers School Uniforms, LLC; Affordable Solar Roof & Air LLC; 211 Tampa Bay Cares, Inc.; Beadtin LLC; E2Pack Corp.; National Organization of the New Apostolic Church of North America, Inc.; Trilogy Innovations; Suda Fit Inc.; and Research Development Manufacturing, LLC.
Plans for renovations include parking area repairs, sidewalks, curbing, entrance repairs, roof maintenance and replacements (where needed), exterior caulking, landscaping, and branding.
“We are pleased to acquire this portfolio, which meaningfully expands our footprint in the Tampa market,” said Scavo. “With the support of our new Co-GP IV Fund, we were able to strategically secure these properties in Florida’s most densely populated county, where strong occupancy and demand continue to drive growth.”
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.comor www.bayspace.com.
About Beach Point Capital Management
Founded in 2008, Beach Point Capital Management LP (“BPC”) is an $19+ billion AUM, SEC registered investment advisor specializing in credit and credit-related investments. The firm is headquartered in Los Angeles with offices in New York, London, and Dublin, and has 165+ employees. BPC’s dedicated private real estate investment strategy focuses on applying a flexible approach to execute on loan originations, debt purchases, and direct ownership of assets across all property types throughout major U.S. and European markets.
