DALLAS — Provident Industrial has acquired Commerce 45, a two-building industrial portfolio totaling approximately 1.5 million square feet in Hutchins, significantly expanding the company’s footprint in the South Dallas industrial market.
The portfolio, located at 1100 and 1150 E. Cleveland Street, closed in April 2026 and will be held as a long-term investment, according to the company. Commerce 45 is fully leased and strategically positioned near the intersection of Interstate 20 and Interstate 45, one of Texas’ key freight and logistics corridors.
Provident Industrial, a division of Dallas-based real estate development and investment company Provident, said the acquisition aligns with its strategy of targeting high-quality industrial assets in markets with strong demand and constrained supply.
“Commerce 45 represents a rare opportunity to acquire a fully leased industrial asset that is strategically positioned at the crossroads of two of Texas’s most vital interstate corridors,” said Chris Martin, Southwest market officer for Provident Industrial.
The South Dallas submarket has become one of the Dallas-Fort Worth region’s most active industrial distribution hubs, driven by sustained tenant demand and limited availability of large-scale warehouse space. Company officials noted that the area currently has no industrial product under construction while vacancy rates continue to decline.
Martin said assets of Commerce 45’s scale and location rarely become available in the market.
“Quality assets of this nature in South Dallas are seldom available, and we are excited to welcome it to the Provident Industrial portfolio,” he said.
The property’s location provides tenants with direct access to regional and national distribution networks, making it attractive for logistics, warehousing, and industrial users serving the broader Texas market and beyond.
Provident Industrial said the acquisition underscores its long-term confidence in the South Dallas market and its continued focus on strategically located industrial investments in high-demand logistics corridors.
