South Florida company pays $33M for three Tampa business parks

A Boca Raton real estate company has bought a portfolio with three business parks in Tampa totaling 224,108 square feet of space on 16.1 acres.

Basis Industrial, the buyer, paid $33 million for the package.

The purchase is the company’s first in the Tampa market as it looks to expand in the area with plans to grow to "one million square feet here in the near future.” In a statement, Basis says that with these properties, it now owns and manages more than two million square feet of multi-tenant industrial and mixed use commercial real estate. It is scheduled to close on another 1 million square feet this year.