Basis Industrial, a vertically integrated real estate owner and operator, and One Investment Management (“OneIM”), a global alternative investment management firm, today announced the acquisition of an 839,001-square-foot shallow bay industrial package spanning the Atlanta and Orlando markets for $144.6 million. The transaction closed on March 31, 2026.
The acquisition was completed as part of a broader programmatic joint venture between Basis Industrial and OneIM that, including leverage, is expected to aggregate and own between $1 billion and $1.5 billion in industrial properties across the United States. The venture will be seeded with the acquisition of the referenced portfolio.
The off-market acquisition includes the Breckinridge Shallow Bay Portfolio in Duluth, Ga., totaling 558,074 square feet; Lake Point Business Park in Orlando, Fla., totaling 134,389 square feet; and Challenger South I and II in Orlando, Fla., totaling 146,538 square feet.
The investment aligns with the joint venture’s strategy to acquire and operate multi-tenant industrial assets, with a focus on creating long-term value creation through active management. The portfolio provides immediate scale across two high-growth markets and is focused on shallow bay industrial assets in well-located submarkets.
Basis Industrial was represented by Anthony Scavo, president and managing partner. Luke Colbert of Albany Road represented the seller.
Mo Beler, co-head of Walker & Dunlop Capital Markets Equity and Structured Finance, advised on the programmatic equity raise, along with Jonathan Paine, Cory Elbaum and Jackson Irwin. Aaron Appel, Jonathan Schwartz and Michael Brown of Walker & Dunlop Capital Markets Institutional Advisory assisted in sourcing the debt for the project.
“We have been pursuing this off-market portfolio for the past 16 months and are thrilled to have been awarded the deal due to our strong relationships and stellar track record,” said Anthony Scavo, President and Managing Partner at Basis Industrial. “This acquisition allows Basis to further grow its footprint in Central Florida while also entering the Atlanta market in a big way. The seller received several unsolicited offers to acquire this portfolio, but certainty to close was one of the major factors in awarding us the deal. When you sell to Basis, you know they will close.”
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. Together they have over 100 years of combined Real Estate Development and Management experience in the leadership alone. Basis currently owns more than 8 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 applies a flexible investment approach and focuses on creating long-term value working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $10 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York.
For more information, visit https://www.oneimgroup.com/
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.
