#United States #Round Rock #Provident Industrial #Eagle 35

Construction of Eagle 35 by Provident Industrial

Provident Industrial, the industrial division of the Dallas-based Provident, has officially started construction on Eagle 35, an ambitious industrial complex in Round Rock, Texas. This development comes as part of a strategic initiative to enhance their portfolio in one of the fastest-growing metropolitan areas in the United States.

Project Overview

Eagle 35 is located at 17 Cypress Boulevard, just under a mile from vital road arteries such as I-35 and University Boulevard. This prime location is expected to offer significant benefits for businesses looking for connectivity to regional transport routes, potentially attracting a variety of tenants looking for modern industrial spaces.

The project will consist of three buildings, providing a total of 292,884 square feet of high-quality Class A industrial space. The first two buildings will each offer 75,970 square feet with a clear height of 28 feet, featuring a shared truck court of 185 feet, along with ample loading facilities: 2 drive-in doors and 28 dock-high doors. Building 3, significantly larger, will encompass 140,944 square feet with a generous 32-foot clear height, enhanced by 3 drive-in doors and 21 dock-high doors.

Strategic Timing in the Market

The construction of Eagle 35 is timely, especially considering the slowdown in new construction starts in Round Rock due to limited land availability. With rising tenant demands driven by strong demographic trends and proximity to major roads, this project offers a rare chance to utilize one of the last available infill-zoned industrial sites. Hunter Graham, the Market Officer at Provident Industrial, expressed enthusiasm about their commitment to the Austin market, highlighting the need for such developments in a growing region.

Leadership and Partnerships

The project is under the direction of Hunter Graham, with construction oversight managed by Director Nathan Forney. In partnership with CIBC Bank USA, the initiative aims at pushing the boundaries of industrial development in the area.

The leasing efforts for Eagle 35 will be spearheaded by Brian Liverman and Matt Jacobs from Cushman & Wakefield, ensuring that the property aligns with current market needs and tenant requirements.

About Provident Industrial

Provident is a well-known, privately held real estate and investment firm, boasting over three decades of experience navigating various market cycles. Since its inception in 1991, the firm has developed and invested in a staggering $6.0 billion worth of real estate projects across the United States, consistently focusing on delivering favorable returns through opportunistic and value-add strategies.

As Eagle 35 progresses towards its expected completion in early 2027, it is positioned to become a pivotal asset for Round Rock, reflecting the dynamic nature of commercial real estate in growing markets. With its strategic planning and dedication to quality, Provident Industrial is set to leave a significant mark in the Austin area’s industrial landscape.