Provident Industrial recently announced the acquisition of Commerce 45, an industrial portfolio located in the South Dallas submarket of Hutchins, Texas. The property incorporates approximately 1.5 million square feet of Dallas industrial space across two buildings.

The acquisition, which closed in April, represents a significant expansion of Provident Industrial’s holdings and reflects the firm’s long-term commitment to one of the nation’s most strategically connected logistics hubs.

Located at 1100 (Building 1) and 1150 E. Cleveland St. (Building 2) in Hutchins, Commerce 45 was purchased to serve as a long-term investment. That’s consistent with Provident’s disciplined strategy of acquiring and managing high-quality assets that are situated in markets defined by strong demand fundamentals, while also being limited in terms of new supply.

Building 1 was completed in 2014, sits on a 48.44-acre lot, and incorporates nearly 999,200 square feet of rentable space across two stories. Building 2 was completed in the same year on a 32.56-acre lot and incorporates nearly 500,400 square feet of rentable industrial space.

The property is situated about one mile away from the freeway. Features include: a 50-space, grade-level parking lot; 80’ to 85’ truck court; dock bumpers; dock leveler; and loading doors.

Robust demand, combined with a lack of availability in bulk industrial product, make this submarket one of the most sought-after distribution corridors in the Dallas-Fort Worth metroplex. According to statements made regarding the sale, the vacancy rate here continues to decline as no industrial product is currently under construction. This underscores the market’s supply-constrained dynamics and reinforces the long-term value of well-placed assets, such as Commerce 45.

Additionally, the property’s location at the intersection of interstates 20 and 45 offers direct access to one of the most critical freight corridors in the state, which connects tenants with exceptional efficiency to both regional and national distribution networks.

“Commerce 45 represents a rare opportunity to acquire a fully leased industrial asset that is strategically positioned at the crossroads of two of Texas’ most vital interstate corridors,” said Chris Martin, southwest market officer at Provident Industrial. “Quality assets of this nature in South Dallas are seldom available, and we are excited to welcome it to the Provident Industrial portfolio.”