A South Florida-based real estate management firm recently acquired a six-building business campus in North St. Petersburg for $27.2 million.
Basis Industrial, headquartered in Boca Raton, purchased the Pinellas Business Center from Boston-based Taurus Investment Holdings. The deal closed Aug. 29.
The Pinellas County Jail has lacked beds for hundreds of inmates in recent months after new legislation made it harder to release low-level offenders before trial.
Sheriff Bob Gualtieri said he hasn't seen such overcrowding in at least a decade. The jail can hold up to 3,000 incarcerated people; the population reached 3,300 last month.