An industrial complex in Orlando that spans 142,069 square feet has been purchased by Basis Industrial, based in Boca Raton, from B Group Capital Management in Miami. The sale was arranged by the team at CBRE Central Florida Capital Markets.
The complex called Chancellor Square sits on 23 acres in Orlando Central Park. It is composed of three single-story, free-standing buildings that house showroom, warehouse, light industrial, and flexible space. Many high-credit publicly traded companies and government agencies occupy the property.
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Basis Industrial was represented by Ahmad Elayyan and Anthony Scavo in this transaction. They expressed their pride in continuing their expansion in Orlando as this is where the company started, and they believe in its potential. They added that that this is their third deal with the B Group, and they are looking to build a rapport with other sellers in the city.
Basis Industrial is a vertically integrated owner and operator of real estate that was formed by veterans in the industry. Basis currently owns more than 5 million square feet of industrial and self-storage real estate and plans to own another 3 million to 4 million square feet by the end of the year. Its active markets include Florida, New York, New Jersey, Pennsylvania, Boston, and other select urban markets across the country.
