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Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Florida with an Orlando regional office, closed on/purchased Chancellor Square, a 142,069-square-foot multi-tenant light industrial property, Feb. 11, 2025, for $20 million. The property is located at 2400 Sand Lake, 8100 Chancellor Drive, and 8500 Chancellor Drive, Orlando, Florida.

Chancellor Square is located proximate to its existing investments Gateway, Commerce Point and Lakefront which were purchased in 2022 and 2024 respectively. The purchase elevates Basis to be one of the largest landlords in Orlando Central Park, a coveted industrial submarket in Orange County. Gateway, Commerce Point, and Lakefront has recorded more than 70,000 square feet of leasing activity in the past 12 months.