New Distribution Center in Houston by Provident Industrial
Provident Industrial, a division of Dallas-based Provident, has reached a remarkable milestone with the acquisition of the Wayside Distribution Center. This significant venture, accomplished in collaboration with Inclenberg Investments, enhances the company’s footprint in the industrial real estate market. With a total of 320,000 square feet of Class A institutional development under their belt in partnership with Inclenberg, this new center marks a pivotal moment for Provident Industrial.
Details of the Wayside Distribution Center
Set to function as a modern industrial distribution facility, the Wayside Center spans 157,300 square feet and occupies 10.25 acres strategically located along Schurmier Road. This thoughtfully designed structure supports modern logistics requirements, featuring characteristics ideal for effective distribution operations. Key features include:
Facility Features
- Front-load configuration for optimized space utilization
- Clear heights of 32 feet for accommodating larger products
- A total of 29 dock doors and 2 ramps for improved accessibility
- Standard column spacing of 50' x 52' facilitating operational efficiency
- 60' speed bays and advanced ESFR sprinkler systems
- 3-phase, 480V, 1,600-amp power supply to support robust operations
- Fully fenced site with access control to enhance security
- 114 auto parking spaces ensuring convenience for staff and visitors
Strategic Importance of the Location
The location of Wayside provides unmatched advantages for logistics operations. It is nestled within Houston's core logistics transportation network, enabling seamless access to key transportation corridors including Beltway 8, Highway 288, and I-610. Performance metrics further substantiate this strategic location as it creates advantageous links to critical infrastructure.
Accessibility and Workforce
Accessibility to major demand drivers is crucial for the success of any distribution center. Wayside is only:
- 6 miles from Hobby Airport
- 17 miles from Houston's Central Business District
- 32 miles from the Port of Houston
- 35 miles from George Bush Intercontinental Airport
The surrounding labor market is robust, offering over 1.6 million skilled workers within a 20-mile radius, essential for businesses relying on a talented workforce.
Provident's Growth and Future Prospects
Provident Industrial is not resting on its laurels; the company continues to expand aggressively across the United States. Currently, more than 8.2 million square feet of industrial product is either under construction or in the pre-development phase across Texas, Arizona, and the Carolinas.
About Provident
Provident is a highly regarded, privately held real estate and investment firm with a profound history of over three decades. The company thrives through adeptly navigating various market cycles by leveraging foresight, experience, and adaptability in its strategic approaches. With a mission to provide exceptional risk-adjusted returns to investor partners, Provident specializes in developing opportunistic and value-add strategies.
Since its inception in 1991, Provident has played an instrumental role in the development or investment in over $6 billion worth of real estate projects throughout the United States. This commitment to excellence continues to drive the company’s success.
Frequently Asked Questions
What is the size of the Wayside Distribution Center?
The Wayside Distribution Center spans 157,300 square feet and occupies 10.25 acres.
What features does the Wayside facility include?
Key features include a 32-foot clear height, 29 dock doors, modern ESFR sprinkler systems, and ample parking for staff.
Where is Wayside Distribution Center located?
It is strategically situated along Schurmier Road in Houston's South submarket.
What is Provident Industrial's growth strategy?
The company focuses on expanding its industrial footprint with ongoing projects across Texas, Arizona, and the Carolinas.
How long has Provident been in business?
Provident has been operating for over 30 years, specializing in real estate and investment management.
