Person Street Partners Announces Acquisition of Small-Bay Industrial and Outdoor Storage Asset in Charlotte MSA

RALEIGH, NC, August 12, 2026 -- Person Street Partners, a real estate investment firm focused on industrial and rental housing across the Carolinas, is pleased to announce the acquisition of 1201 and 1237 Industrial Drive, a 100% leased, 25,000 square foot small-bay industrial asset with an adjacent industrial outdoor storage parcel, situated on 2.4 acres in the Charlotte MSA (Matthews, NC).

“Industrial Drive is the kind of asset we believe is very difficult to replace: functional small-bay space paired with a fenced outdoor storage yard, occupied by a long-tenured regional operator, in a submarket where new supply of this product is effectively nonexistent. We like owning well-located, functional space that serves the businesses operating in the corridor, and we believe this is a property that stays relevant to these types of businesses for a long time,” said Jake Jatis, Co-Founder and Partner at Person Street.

The Property is located within the Charlotte MSA, in Matthews, an established industrial and residential node in southeastern Mecklenburg County with convenient access to Interstate 485 and the U.S. 74 / Independence Boulevard corridor.

The Property is 100% leased to a long-tenured regional HVAC contractor.

The acquisition reflects Person Street’s focus on well-located, infill industrial assets in supply-constrained submarkets across the Carolinas. Small-bay industrial product of this type continues to benefit from durable demand from regional trades, contractors, and service businesses. This demand, coupled with a limited pipeline of new construction, creates dynamics that Person Street believes are particularly favorable for owners of high-quality, functional small-bay space.

Person Street Partners intends to build a scalable, institutionally-managed portfolio of infill small-bay industrial and small-balance university housing assets across the Carolinas, leveraging the firm’s local relationships and its team’s deep institutional experience.

For additional information about Person Street Partners, please visit www.personstpartners.com or contact the team at ir@personstpartners.com.