Small Bay Daily - March 5 - Portal Warehousing and GCM Grosvenor form partnership to develop micro-bay suites

Good morning. Welcome to Small Bay List! In today’s issue, we feature a new JV that will develop micro-bay warehouse suites and a shallow bay redevelopment in Atlanta.

Today’s issue is sponsored by Sapphire — supporting industrial real estate operators with tailored financing solutions.

Now, let’s get to it!

NEWS ROUNDUP

JOINT VENTURE: Portal Warehousing and GCM Grosvenor form partnership to develop micro-bay suites. Portal Warehousing and GCM Grosvenor have launched a micro-bay industrial platform that will focus on acquiring industrial properties that can be repositioned as warehouse suites under 5,000 SF. “There is a clear and persistent gap in the industrial market for high-quality, small-format space, and Portal has built a platform designed to address that need,” said GCM Grosvenor’s Executive Director, Danielle Even. “This partnership validates that micro-bay industrial is a distinct, institutionally investible asset class within industrial real estate,” said Alex Morrison, Portal CEO.

ACQUISITION: Foxfield buys site for shallow bay redevelopment in Atlanta MSA. Foxfield has acquired 2975 Northwoods Parkway in Peachtree Corners, Georgia. The property features a 15 AC infill site that Foxfield plans to redevelop into a Class A+ shallow bay industrial facility with 2 buildings totaling 217,720 SF. The Foxfield deal team included Jeff Theobald.

DISPOSITION: Marcus & Millichap sells Leominster, MA, industrial asset for $4M. Marcus & Millichap has facilitated the sale of 44 Mead Street in Leominster, Massachusetts. The property features a 62,259 SF industrial building on 4.1 AC. Harrison Klein with Marcus & Millichap represented the seller in the transaction. Nate Nickerson with Fieldstone Commercial Properties Inc. represented the buyer, Matthew Blackham of The Lexvest Group LLC.

LEASE SIGNED: BCCRE leases microbay space in Bay Area. Bishop Clancy Commercial Real Estate (BCCRE) has facilitated the leasing of 833 Mahler Road in Burlingame, California. The property features a 1,400 SF warehouse space. Jacob Sanchez with BCCRE represented the tenant in the transaction.

READ: How a former NFL tight end became a small bay investor. Former Philadelphia Eagle Brent Celek has acquired 5 small bay warehouse in the last year for a total of more than $10M.

LISTEN: What lies in store for small bay industrial in 2026? Featuring Aviva Sonenreich with Warehouse Hotline.

FROM OUR PARTNERS

As experienced industrial operators, we understand the unique dynamics of Small Bay assets. Our high leverage lending solutions are designed for Industrial, providing the flexibility investors and operators need to execute on their business plan.

SMALL BAY PROPERTIES FOR SALE

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Plans in Place for 48,000 SF Facility with 48 Units Across 4 Buildings | 6.03 AC | Shovel-Ready Project Includes All Entitlements, Completed Engineering, and Architectural Plans for Immediate Construction Start | Each Building Will Feature Secure Access, Insulated Construction, and Flexible Unit Configurations | Direct Access to KS-7 and Minutes to I-435/I-35 Interchange | Easy Connection to Kansas City Intl. Airport

For Sale and Lease | 10.4 AC | Fully Approved for 6 Buildings Totaling 86,550 SF at $30/SF | Seller Financing Available | Close to I-195, NJ Turnpike, US-9, and Garden State Parkway | Email for Details

11 Building Multi-Tenant Industrial Park Totaling 232,182 SF | Small-Bay, Multi-Tenant Industrial Design | Infill Location with Strong Labor Access | Strong In-Place Cash Flow with Diversified Tenancy | Significant Recent Capital Investment to Upgrade Project | Immediate Upside with Short-Term Leases | Institutionally Owned and Managed by BKM Capital Partners | Convenient Freeway Access and Excellent Accessibility via Interstate 17

SMALL BAY PROPERTIES FOR LEASE

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900-8,100 SF | 5 Units Available | Grade-Level Loading | 12’x’14’ Roll-up Doors | 2 Shared Dock-High Loading/Unloading Bays in the Park

1,000-4,300 SF | Major Street Signage | Secure Gated Parking | Ground-Level Loading With Roll-up Doors | Adjacent to Orange Line

23,360 SF Total Building (8,360 SF and 15,000 SF Divisible Options) | 12’-15’ Clear Heights | Dock and Drive-in Loading | Heavy Power | 22 Parking Spaces

ONE MORE THING

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