Basis Industrial, a vertically integrated real estate owner and operator, has acquired a 621,759-square-foot multi-tenant shallow bay industrial portfolio across the Atlanta metropolitan area for $89.475 million. The transaction closed on May 15, 2026.
The off-market acquisition includes 25 buildings across the neighboring communities of Stone Mountain and Tucker in Georgia, with assets located along West Park Place Boulevard, Parker Court and Mountain Industrial Boulevard corridors.
The portfolio is leased to 119 tenants and features a weighted average lease term of approximately 2.2 years, providing near-term mark-to-market opportunities alongside stable in-place cash flow.
The portfolio includes the following 25 properties:
- 2046, 2056, 2075, 2136, 2146, 2156, 2166 and 2305 W. Park Place Blvd., Stone Mountain, Ga.
- 2155, 2165, 2169 and 2171 W. Park Court, Stone Mountain, Ga.
- 1899, 1959, 1960, 1979, 1980 and 1999 Parker Court, Stone Mountain, Ga.
- 2706, 2724 and 2730 Mountain Industrial Blvd., Tucker, Ga.
-
4727, 4874, 4892 and 4896 N. Royal Atlanta Drive, Tucker, Ga.
The acquisition further expands Basis Industrial’s presence in the Atlanta market following its recent 558,000-square-foot acquisition in Duluth. With this transaction, the firm now owns and manages approximately 1.2 million square feet across the Atlanta MSA.
“This acquisition builds on the momentum from our recent acquisitions and significantly expands our footprint in the Atlanta market,” said Anthony Scavo, president and managing partner of Basis Industrial. “By assembling a portfolio of this scale across multiple infill, high-barrier-to-entry submarkets, we are continuing to execute our strategy of growing a concentrated small-bay industrial
platform in high-demand, affluent markets.”
Images Courtesy of: Basis Industrial
“This transaction marks the second acquisition completed through Basis Industrial’s programmatic joint venture with One Investment Management (OneIM),” added Scavo. “OneIM shares our vision of building a small-bay platform at scale, and this capital commitment allows us to accelerate that growth strategy.” The portfolio includes assets that, in certain submarkets, represent a substantial share of existing shallow bay inventory, positioning Basis to implement its business plan through active management and targeted improvements.
Properties located in Tucker offer premier frontage within the submarket along Mountain Industrial Boulevard and North Royal Atlanta Drive, providing strong visibility and access within a highly competitive industrial corridor.
Images Courtesy of: Basis Industrial
Basis Industrial plans to implement a targeted value-add program across the portfolio, including immediate exterior improvements, updated signage and branding, façade enhancements, roofing upgrades, exterior lighting and paint, and interior suite renovations.
The seller is Middour Investments, represented by Owen Middour. Basis Industrial was represented in-house by Scavo. Financing for the acquisition was provided by Bank of Montreal (BMO).
About Basis Industrial
Basis Industrial is a vertically integrated real estate owner and operator. Anthony Scavo runs the day-to-day activities of the company, serving as president and managing partner. Industry veterans Stephen Garchik, Jay Massirman, and Daniel Weinstein are partners in Basis Industrial and sit on the investment committee. Together they have over 100 years of combined Real Estate Development and Management experience in the leadership alone. Basis currently owns more than 10 million square feet of self-storage and multi-tenant industrial real estate, with an additional 2 million to 3 million square feet expected by the end of 2026. Active markets for Basis include Florida, Pennsylvania, New Jersey, New York, Texas, Atlanta, Los Angeles, Alabama, Massachusetts, Michigan, and select urban markets nationwide.
In total, the sponsors have developed and managed over 20 million square feet of real estate assets including self-storage, industrial, retail, office and residential. BaySpace is the property management arm of Basis. Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal in 2023, ranked No. 3 in 2024 and No. 4 in 2025. In 2024 and 2025, Basis was the winner of Commercial Observer’s Breakthrough Awards in the Industrial Transaction of the Year category in 2024 and Innovation in Industrial in 2025. For more information, visit www.basisindustrial.com or www.bayspace.com.
About OneIM
OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm was founded in 2022 and currently manages approximately $10 billion in assets. The team operates from offices in New York, London, Abu Dhabi and Tokyo.
OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm was founded in 2022 and currently manages approximately $10 billion in assets. The team operates from offices in New York, London, Abu Dhabi and Tokyo.
