#United States #Glendale #Provident Industrial #Orangewood Commerce #Phoenix Facility

Provident Industrial's New Jewel: Orangewood Commerce Center

In an exciting development for the industrial sector, Provident Industrial, a branch of the Dallas-based Provident, has successfully completed the Orangewood Commerce Center. This expansive 292,276 square foot Class A facility is strategically located at 6550 W Orangewood Avenue, in Glendale, Arizona, a bustling area approximately 10 miles northwest of downtown Phoenix.

Scheduled for delivery in the third quarter of 2025, this impressive structure marks a significant milestone for Provident as it expands its footprint in the Phoenix market. Designed to cater to the evolving needs of modern industrial users, the facility boasts innovative features including:

• - A 36-foot clear height, ensuring ample vertical space for diverse operations.
• - A superflat slab designed to optimize the load-bearing capabilities, enhancing efficiency in storage and logistics.
• - 59 dock-high doors and four grade-level doors, providing seamless access for loading and unloading operations.

In addition to its impressive docking capabilities, the Orangewood Commerce Center includes a 2,500-square-foot speculative office and a HVAC warehouse. The facility also features a 290-foot secured concrete truck court with 76 trailer parking stalls, promoting efficient traffic flow and security for logistics operations.

One of the key aspects of this development is its versatility. Provident Industrial has designed the building to accommodate various configurations, ranging from 100,000 square feet to full-building occupancy. This flexibility positions the Orangewood Commerce Center as an attractive option for businesses seeking a tailor-made solution to their industrial needs.

The timing of this project coincides with a surge in demand for modern industrial space, particularly as the U.S. semiconductor sector experiences a renaissance. The Orangewood Commerce Center's proximity to TSMC (Taiwan Semiconductor Manufacturing Company) significantly enhances its appeal, positioning the facility as a vital partner for key suppliers essential to TSMC's operations.

Chris Martin, who spearheaded the project, expressed enthusiasm regarding the center's completion, stating, "As our first development in Phoenix, this project marks an exciting milestone for Providence. We’re proud to deliver a quality building in one of the strongest markets in the country." This optimism is echoed by John Wrestler, Cooper Fratt, and Tanner Ferrandi from CBRE, who are representing Provident in lease discussions, potentially attracting a range of tenants looking for state-of-the-art industrial facilities.

Provident has carved out a reputation over its three decades of operation by demonstrating foresight and adaptability amidst ever-evolving market conditions. Their focus remains on creating exceptional risk-adjusted returns for investors through innovative development strategies. Since their inception in 1991, Provident has amassed an impressive portfolio, engaging in over $6.0 billion worth of real estate projects nationwide.

As the industry pivots towards advancements in semiconductor technology and logistics, the Orangewood Commerce Center stands as a testament to Provident Industrial's commitment to growth and innovation. The center not only fulfills a pressing market demand but also aligns with broader trends in the U.S. industrial landscape, particularly concerning technological advancements and supply chain resilience.

In conclusion, the completion of the Orangewood Commerce Center not only signifies a leap forward for Provident Industrial but also brings enhanced capabilities and opportunities to the Phoenix market. Businesses looking for modern, flexible, and strategically located industrial spaces will find that this new facility meets those needs remarkably well. As logistics and distribution operations continue to evolve, the Orangewood Commerce Center is well-equipped to meet future demands.