Basis Industrial capped off its inaugural year with the $36.5 million purchase of a mixed-use asset in the Orlando market. The newly acquired asset totals 196,000 square feet, with major tenants including Frontier Airlines, FedEx, Johnson Controls and The National Kidney Foundation.
The property was formally known as Orlando International Business Center. The acquisition closed on December 19th.
At year-end, Basis now owns and manages more than 1.25 million square feet of multi-tenant industrial and mixed-use commercial real estate. Basis has been acquiring this asset class since its launch in March 2022.
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