Home Real Estate Basis Spends $81M on Two Texas Business Parks
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Basis Spends $81M on Two Texas Business Parks


Basis Industrial closed on two Texas industrial properties, for a total of $81 million.

The properties included:

I-30 (Ludelle, Blue Smoke, Tillar), Fort Worth, Texas

Basis closed on the 421,721-square-foot property for $57.175 million. Newmark represented the seller, Tillar/LanCarte. Current tenants include ARCO Contractors Supply, Micro Mold, St. Matthew’s Church, OFCO, Penn-Tex Plastics, King Street Productions, Innovative Environmental Technologies and Liyu Optoelectronic.

Blue Smoke 2, Blue Smoke Court, and 2400 Ludelle Building, Fort Worth, Texas

The 161,418-square-foot property was bought for $24.025 million. Newmark represented the seller, PHP. Current tenants include ARCO Contractors Supply, Schaefer Mold, MSG Distributors, Lone Star Bingo, BELFOR, and Pan American Wire. Basis plans for interior renovations and improvements, roof maintenance, exterior upgrades, CCTV, access controls and lighting, signage, and marking and striping on both properties.



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