Basis JV Pays $90M for Atlanta Industrial Assets

May 20, 2026

Investment Atlanta Industrial News More Southeast

This is the partnership's second investment.

Exterior shot of a shallow bay industrial building in metro Atlanta, pat of a recent portfolio acquisition made by Basis Industrial — The acquired properties were completed between 1982 and 1995. *Image courtesy of Basis Industrial*

Basis Industrial and One Investment Management have paid $89.5 million for a 621,759-square-foot collection of shallow-bay warehouses spread across the Atlanta metro area. Middour Investments sold the collection in an off-market transaction and Bank of Montreal provided acquisition financing.

This is the joint venture’s second acquisition, Basis President & Managing Partner Anthony Scavo said in prepared remarks. The first one was the $144.6 million purchase of five shallow-bay properties in the Atlanta and Orlando, Fla., metros, a transaction that closed in April.

The portfolio comprises 25 buildings across five industrial campuses completed between 1982 and 1995. Three of them are located in Stone Mountain, Ga., while the other two are situated in Tucker, Ga. More specifically, the properties are:

2046, 2056, 2075, 2136, 2146, 2156, 2166 and 2305 W. Park Place Blvd. in Stone Mountain
2155, 2165, 2169 and 2171 W. Park Court in Stone Mountain
1899, 1959, 1960, 1979, 1980 and 1999 Parker Court in Stone Mountain
2706, 2724 and 2730 Mountain Industrial Blvd. in Tucker
4727, 4874, 4892 and 4896 N. Royal Atlanta Drive in Tucker

The collection houses 119 tenants with weighted average lease terms of nearly 2.2 years.

Basis Industrial plans a targeted value-add program across the portfolio. Improvements will include updated signage, branding, lighting and roofing, as well as exterior and interior renovations.

This transaction brought Basis’ Atlanta footprint to 1.2 million square feet. Scavo represented the buyer, while Middour Founder & Principal Owen Middour represented the seller.

Atlanta’s industrial investment, second in the U.S.

Industrial investment volume in Atlanta generated $811 million in dollar volume year-to-date as of March, according to a recent Yardi Matrix report. This placed the metro second nationwide after Dallas ($1.2 billion in sales).

Assets traded at $120 per square foot on average—below the $138 per square foot national threshold. Despite sale prices being slightly lower year-over-year, they were still 13 percent higher than in 2024 and twice the 2019 levels.

In February, a joint venture between BKM Capital Partners and Kayne Anderson Real Estate paid $69.5 million for a six-property light industrial portfolio. Berkeley Partners and Brookfield Secondaries Group sold the assets.

More recent deals include BGO’s acquisition of a 1 million-square-foot, two-building portfolio. The transaction was part of the company’s U.S. value-add industrial strategy, targeting investments in high-growth logistics markets.