Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Florida, recently held a ribbon cutting at its new Texas regional office located at 637 Presidential Drive in Richardson. Operated under the company’s in-house property management arm, BaySpace, the office serves as the central hub for Basis’s growing industrial footprint across the Dallas–Fort Worth metroplex.
The ribbon cutting took place on July 15, 2025. The event marked a significant milestone for Basis Industrial, which now owns and manages more than 2 million square feet of industrial assets in Texas.
In May 2025, Basis acquired a 519,476-square-foot portfolio of shallow bay industrial properties in Richardson, including the Arapaho 1–9 portfolio. The acquisition marked the firm’s first investment in the Richardson submarket and included the property at 637 Presidential Drive, a 1,960 square-foot facility that now serves as Basis Industrial’s Texas Regional Office. The location serves as the physical headquarters for the company’s Texas operations and reflects its long-term commitment to the Dallas–Fort Worth market. Basis Industrial also has other offices serving the state.
Basis Industrial hired JDH Construction to complete a full renovation of the regional office. Construction began in May and was completed in early June. The office was fully operational prior to the ribbon cutting.
“Establishing a permanent regional office in Texas was a strategic priority,” said Anthony Scavo, president and managing partner of Basis Industrial. “This location positions us to lead from the ground, expand our footprint and deepen relationships in one of the country’s most important industrial markets.”
“This office enhances our leasing strategy by allowing us to move faster on deals and provide real-time insights into tenant demand,” said Sloan Teegarden, Director of Leasing for the Dallas market. “Being based in Richardson helps us stay competitive and agile as we grow our presence in the region.”
This isn’t just about proximity—it’s about performance for BaySpace,” added Brian Matwijecky, Director of Property Management for Texas. “With our team now on the ground, we can proactively manage assets, respond more efficiently to tenant needs, and ensure consistent quality across every property.”
With this regional headquarters in place, Basis Industrial continues to scale both its industrial and self-storage platforms. The company currently owns and manages more than 5 million square feet of space nationwide, with an additional 2 million to 3 million square feet expected to come online by year-end.
About Basis Industrial
Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors Jay Massirman, Stephen Garchik and Daniel Weinstein. 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. Basis currently owns more than 5 million square feet of self-storage and industrial real estate, with an additional 2 million to 3 million square feet expected by the end of the year. Active markets for Basis include Florida, Pennsylvania, New Jersey, New York, Texas, Boston, Los Angeles, Alabama and select urban markets nationwide. In total, the sponsors have developed and managed over 15 million square feet of real estate assets including self-storage, industrial, retail, office and residential. BaySpace is the property management arm of Basis. In 2023, Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal. In 2024, Basis was the winner of Commercial Observer’s Breakthrough Awards in the Industrial Transaction of the Year category. For more information, visit www.basisindustrial.com or www.bayspace.com.
###
