Key Takeaways
- • Basis Industrial and One Investment Management closed a $144.6 million acquisition of an 839,001-square-foot multi-tenant industrial portfolio spanning Atlanta and Orlando markets on March 31, 2026, anchored by the Breckinridge Shallow Bay Portfolio in Duluth, Georgia (558,074 sq ft) and two properties in Orlando totaling 280,927 sq ft.
- • The transaction seeds a programmatic joint venture between the two firms designed to aggregate $1 billion to $1.5 billion in industrial properties across the United States, with a strategic focus on shallow bay industrial assets in high-growth submarkets.
- • The off-market acquisition was sourced from Boston-based Albany Road Real Estate Partners through broker Luke Colbert, with Walker & Dunlop Capital Markets advising on equity structuring and debt sourcing for the platform build-out.
- • The partnership targets active management and long-term value creation in multi-tenant industrial real estate, positioning the combined platform to scale operations across two of the Southeast's most dynamic logistics markets.
Summary
Basis Industrial, a vertically integrated real estate owner and operator, and One Investment Management, a global alternative investment management firm, announced the closing of a $144.6 million acquisition of a shallow bay industrial portfolio on March 31, 2026. The transaction consists of three primary assets: the Breckinridge Shallow Bay Portfolio in Duluth, Georgia (558,074 square feet); Lake Point Business Park in Orlando, Florida (134,389 square feet); and Challenger South I and II in Orlando, Florida (146,538 square feet). The off-market acquisition was completed through Albany Road Real Estate Partners, a Boston-based seller represented by Luke Colbert.
The acquisition serves as the seed portfolio for a broader programmatic joint venture between Basis Industrial and OneIM, which is expected to aggregate and own between $1 billion and $1.5 billion in industrial properties across the United States. This capital deployment strategy reflects the sponsors' conviction in scaling a multi-tenant industrial platform with emphasis on shallow bay assets positioned in well-located submarkets across high-growth regions. The focus on the Atlanta and Orlando markets provides immediate scale within geographies characterized by robust logistics demand and favorable demographic tailwinds.
The transaction structure involved significant advisory support from Walker & Dunlop Capital Markets. Mo Beler, co-head of Walker & Dunlop Capital Markets Equity and Structured Finance, led the programmatic equity raise alongside Jonathan Paine, Cory Elbaum, and Jackson Irwin. Aaron Appel, Jonathan Schwartz, and Michael Brown of Walker & Dunlop Capital Markets Institutional Advisory sourced debt financing for the platform. Basis Industrial was represented by Anthony Scavo, president and managing partner. The joint venture strategy emphasizes active management and operational value creation as core levers for long-term performance, positioning the platform to capitalize on continued industrial real estate demand in the Southeast.
The acquisition serves as the seed portfolio for a broader programmatic joint venture between Basis Industrial and OneIM, which is expected to aggregate and own between $1 billion and $1.5 billion in industrial properties across the United States. This capital deployment strategy reflects the sponsors' conviction in scaling a multi-tenant industrial platform with emphasis on shallow bay assets positioned in well-located submarkets across high-growth regions. The focus on the Atlanta and Orlando markets provides immediate scale within geographies characterized by robust logistics demand and favorable demographic tailwinds.
The transaction structure involved significant advisory support from Walker & Dunlop Capital Markets. Mo Beler, co-head of Walker & Dunlop Capital Markets Equity and Structured Finance, led the programmatic equity raise alongside Jonathan Paine, Cory Elbaum, and Jackson Irwin. Aaron Appel, Jonathan Schwartz, and Michael Brown of Walker & Dunlop Capital Markets Institutional Advisory sourced debt financing for the platform. Basis Industrial was represented by Anthony Scavo, president and managing partner. The joint venture strategy emphasizes active management and operational value creation as core levers for long-term performance, positioning the platform to capitalize on continued industrial real estate demand in the Southeast.
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