#United States #Phoenix #Provident Industrial #Aldea Exchange #Phoenix Arizona

Major Expansion in Phoenix: Provident Industrial's New Industrial Park

Provident Industrial, part of the Dallas-based Provident group, is making a significant investment in Phoenix, Arizona, by acquiring a substantial 27-acre tract of land. This strategic move is aimed at developing Aldea Exchange, a cutting-edge industrial park that will feature three Class A buildings, set to revolutionize logistics and distribution operations in the region.

Key Details of Aldea Exchange

Located at the pivotal intersection of North 99th Avenue and W. Montebello Avenue, Aldea Exchange will be situated along the vibrant 101 Corridor in Phoenix's Southwest Valley. This prime location not only enhances visibility but also provides direct access to Loop 101, ensuring swift connectivity to prominent logistics hubs in Southern California, Las Vegas, and other major markets across the Western U.S.

The planned construction will yield approximately 471,439 square feet of modern industrial space designed specifically for the demands of contemporary logistics, distribution, and light manufacturing sectors. Each of the three buildings will adhere to institutional-quality specifications, aimed at maximizing operational efficiency and long-term value for future tenants.

A Vision for the Future

According to Steven Nemer, Market Leader for Provident Industrial, the Aldea Exchange project signifies a substantial milestone in the company's growth strategy. With an investment exceeding $80 million, this venture marks their first significant development since launching their Phoenix office, contributing to a robust pipeline that now exceeds nearly 1 million square feet of new space.

Construction is slated to commence in the third quarter of 2026, promising to deliver much-needed supply to one of Phoenix's most active and resilient industrial submarkets. This development aligns with Provident's overarching goal of delivering high-quality industrial product offerings in Phoenix, bolstering the local economy and contributing to job creation in the area.

Chris Martin, Market Officer for Provident, echoed Nemer's enthusiasm, highlighting the importance of partnerships that facilitate such projects. The Aldea Exchange is poised to not only enhance Provident's portfolio but also enrich the industrial landscape of Phoenix.

About Provident Industrial

Founded in 1991, Provident is an esteemed real estate and investment firm with a rich history of over three decades of success across varied market cycles. They are dedicated to providing exceptional risk-adjusted returns through proactive development strategies. With more than $6 billion in real estate projects developed nationwide, Provident is committed to adapting to market changes with a strategic foresight. To learn more about their projects and investment strategies, visit www.provident.net.

In summary, Provident Industrial's new Aldea Exchange industrial park is set to redefine logistics and manufacturing in Phoenix, establishing a solid foundation for future growth and development in the southwest region.