Bridge Logistics Properties Acquires 698,068-SF Warehouse in McDonough, Georgia in Off-Market Real Estate Acquisition

McDONOUGH, Ga. — Bridge Logistics Properties (BLP) has acquired Midland Logistics Center, a 698,068-square-foot Class A cross-dock distribution facility located at 225 Midland Court in McDonough, Georgia, the firm announced in its Q1 2026 recap published May 26, 2026.

The industrial real estate acquisition was completed off-market through a local broker relationship, with the property purchased from an institutional investment manager. The firm cited execution certainty within a compressed timeline as a key factor in the transaction.

Warehouse Real Estate Acquisition: Property Details

The warehouse real estate asset features 36-foot clear height, 115 dock-high doors, 190-foot truck courts, an ESFR sprinkler system, and trailer and auto parking. According to BLP, the facility is 100% leased to a single creditworthy tenant, providing what the firm described as stable, long-term cash flow. The tenant was not identified.

The property is situated near the Interstate 75 interchange in McDonough, Georgia, offering access to Metro Atlanta, the Port of Savannah, and regional and national highway networks. BLP characterized the acquisition as consistent with its strategy of targeting institutional-quality logistics assets in high-barrier submarkets with strong population growth and access to major transportation infrastructure.

Industrial Real Estate Leasing Activity in Texas

In addition to the Georgia acquisition, BLP reported the execution of two new industrial real estate leases at properties located at 2750 and 2770 S Great SW Parkway in Grand Prairie, Texas.

WASH Multifamily Laundry Systems signed a six-year lease for 15,600 square feet, while Konig Wheels executed a seven-year lease for 50,328 square feet. According to BLP, WASH Multifamily Laundry Systems is one of North America's leading providers of outsourced laundry room management services, installing, owning, and maintaining laundry equipment in common-area laundry rooms. Konig Wheels is described by BLP as a globally recognized aftermarket wheel manufacturer with over 40 years of motorsport experience.

The two leases bring the Grand Prairie project's occupancy to 56%, with 125,932 square feet remaining available across two buildings, according to BLP.

Construction Updates: Atlanta, Orlando, and Southern California

BLP also provided updates on several active industrial real estate development projects in its Q1 2026 recap.

Aerotropolis East Logistics Center (Atlanta, GA): The 229,776-square-foot Class A distribution facility, which broke ground in March 2025, is near completion and available for pre-lease. The project is located within a federally approved Foreign Trade Zone approximately two miles from Hartsfield-Jackson Atlanta International Airport. The facility features 32-foot clear height, 42 dock-high doors, and a 185-foot truck court, with an estimated completion date of Q2 2026.

Gateway @429 (Orlando, FL): Building 100, a 220,329-square-foot Class A rear-load warehouse, is near completion following a July 2024 groundbreaking. The building includes 62 dock-high doors, two ramp drive-in doors, 32-foot clear heights, and a 130-foot truck court. Two speculative office suites of 3,140 square feet each are available for immediate occupancy. Overall project completion is estimated for Q1 2027.

Southeast Crossing: This multi-building development, which broke ground in January 2025, features six buildings ranging from 20,222 square feet to 156,864 square feet with 24- to 36-foot clear heights. On-site paving, landscaping, and final finishes are currently underway, with an estimated completion date of Q2 2026. The location of this project was not specified in BLP's recap.

North Rialto Distribution Center: The 468,563-square-foot Class A single-load building broke ground in May 2025 and features a 42-foot clear height, 62 dock-high doors, a 236-foot fully secured concrete truck court, 188 trailer parking stalls, and 264 auto parking spaces. Speculative tenant improvement work and paving are currently underway, with an estimated completion date of Q2 2026. The location is identified in the project name as Rialto; no further location detail was provided in the source.

Industrial Real Estate Market Context: Q1 2026

BLP's Q1 2026 market commentary described the U.S. logistics real estate sector as continuing to normalize following the post-COVID expansion period. The firm cited data from CBRE indicating that 2025 recorded approximately 941 million square feet of leasing activity, representing a 12% year-over-year increase and the second strongest leasing year on record.

According to CoStar data cited by BLP, market vacancy stood at approximately 7.5% as of Q1 2026, with the firm projecting a peak of approximately 7.7% by Q4 2026 before moderating. Coastal gateway markets were reported to have vacancy rates around 7.1%, projected to peak near 7.3%.

New construction starts totaled approximately 279 million square feet in 2025, or roughly 1.4% of existing inventory, representing a 33% decline relative to the previous five-year average, according to CBRE data referenced in the report. BLP noted that approximately 38% of the current construction pipeline is pre-leased, which it described as the highest pre-leasing level since Q2 2021.

Industrial transaction volume reached $53 billion in 2025, nearly 20% above the 10-year annual average, according to data cited by BLP. The firm also noted that average lease renewals occurred 219 days prior to expiration in 2025, compared to 193 days in 2024, citing tenant efforts to lock in current rental rates.

BLP is a vertically integrated logistics real estate company and investment manager operating under Bridge Investment Group Holdings LLC.

Sources

Bridge Logistics Properties — BLP Bulletin Q1 2026 Recap (Published May 26, 2026)