Basis Closes Surprise Land Deal, Self-Storage Venture on Way

Basis Industrial closed on the land and a $20.5 million construction loan for a new self-storage development at 17140 W. Waddell Road in Surprise, Ariz. The project will encompass approximately 102,673 square feet with 707 climate-controlled storage units upon completion. The construction financing was provided by NexBank and NexPoint. Construction is expected to begin later...