This quarter, we’ve continued to refine our focus on small- and shallow-bay (SSB) industrial—and we’ve shared a deeper look at the strategy behind it. Inside this look back at our first quarter: The Case for SSB Industrial — our new whitepaper, asset spotlight: a high-quality small-bay property in Tolleson, AZ, and video insights from our team, including President John Comunale. Explore how we’re investing through the current cycle—and why we believe the fundamentals of SSB remain as strong as ever.

Industrial real estate has been one of the best-performing asset classes over the past 15 years, but not all industrial is created equal. Small- and shallow-bay properties stand out as a unique opportunity, benefiting from durable demand, tight supply, and long-term growth tailwinds.

Dallas-Fort Worth isn’t just one of the fastest-growing metros in the U.S.—it’s a powerhouse industrial hub driving the future of logistics and distribution. As one of our four target markets for the Private Capital Core Fund, it takes center stage in this Market Spotlight.

Charlie Wigdale, Vice President – Investments, provides an overview of a key seed asset in Phoenix’s Tolleson submarket. This fully leased, institutional-grade industrial property aligns with our core investment principles. The acquisition reinforces our commitment to high-performing industrial assets in key growth markets.

Austin White, Vice President – Investments, dives into the world of small- and shallow-bay industrial real estate, breaking down the asset class and how it fits into Rectangle’s investment strategy.

The Rectangle Team sat down with its newest team member, Austin White (Vice President – Investments), to discuss his experience in industrial real estate. We delved into market trends, investment strategies, and the strength of small- and shallow-bay assets amid the rise of e-commerce and need for last-mile logistics. Join us as we discuss emerging opportunities, essential market coverage, and practical insights on acquisitions and asset management.

Take a closer look at the philosophy and strategy behind Rectangle Investment Management. In this first video of the series, President and Founder John Comunale details our unique approach to value creation.

Phoenix continues to shine as an economic powerhouse—ranking as the 11th largest metro and the second-fastest-growing population in the U.S. With a strong talent pool, business-friendly policies, and lower costs, it’s no surprise that businesses are flocking from California to capitalize on these advantages.

A high-level introduction to Rectangle & our video series.

The Rectangle Team sat down with Josh Heiney, Managing Director of Rectangle Investment Management and President of Sprink Construction (Rectangle’s integrated general contracting company) to discuss how our investment philosophy – thinking like an investor while acting like an operator – shapes how we maximize the impact of investments in our properties. Josh shared insights on how this integrated approach allows us to deliver value to both our investors and our tenants by combining hands-on operational expertise with strategic financial oversight.

Denver has emerged as a powerhouse of growth and opportunity, boasting a diversified, fast-growing economy with a deep labor pool. The city’s logistics and manufacturing hubs are flourishing in several sectors like high-tech, life sciences, aerospace, and food & beverage. With a burgeoning population, expanding economy, and top-tier talent pool, Denver’s industrial market is in expansion mode.