{"id":1004799339,"date":"2026-05-20T01:22:35","date_gmt":"2026-05-20T09:22:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004799339"},"modified":"2026-05-20T01:30:42","modified_gmt":"2026-05-20T09:30:42","slug":"basis-jv-pays-90m-for-atlanta-industrial-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/basis-jv-pays-90m-for-atlanta-industrial-assets\/","title":{"rendered":"Basis JV Pays $90M for Atlanta Industrial Assets"},"content":{"rendered":"\n

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The acquired properties were completed between 1982 and 1995. Image courtesy of Basis Industrial<\/em><\/figcaption><\/figure><\/div>\n\n\n

Basis Industrial and One Investment Management have paid $89.5 million for a 621,759-square-foot collection of shallow-bay warehouses<\/a> spread across the Atlanta metro area. Middour\u00a0Investments sold the collection in an off-market transaction and Bank of Montreal\u00a0provided acquisition financing.<\/p>\n\n\n\n

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<\/a> in the Atlanta and Orlando, Fla., metros, a transaction that closed in April.<\/p>\n\n\n\n

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READ ALSO<\/strong>: Shallow-Bay CRE: Not Just for Industrial Anymore<\/a><\/p>\n\n\n\n

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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:<\/p>\n\n\n\n