Provident Industrial Commences Development in Arizona Market
Provident Industrial Begins Exciting New Development
Provident Industrial, a division of Provident, is thrilled to announce its upcoming project that marks a significant milestone for the company. This exciting new industrial site will be located at 6550 W. Orangewood Avenue. The facility, named Orangewood Commerce Center, will not only boost the local economy but also fulfill the growing demand for high-quality industrial space.
Overview of the Orangewood Commerce Center
The Orangewood Commerce Center is designed to be a state-of-the-art facility spanning an impressive 292,276 square feet. It will feature a combination of modern industrial operations along with 2,000 square feet of speculative office space. This well-planned site is intended for companies seeking flexible configurations, including options ranging from 100,000 square feet up to the full facility size. The design prioritizes functionality and efficiency with a clear height of 36 feet, 59 dock doors, and 4 grade-level doors, paving the way for seamless operations.
Location and Accessibility
Strategically situated just 10 miles northwest of a major urban center, the Orangewood Commerce Center benefits from outstanding accessibility. With the proximity to U.S. 60 within a mere 0.5 miles and the Loop 101 Freeway just 4 miles away, businesses operating out of this location will enjoy optimal connectivity to key transport routes. This prime positioning is set to attract numerous companies looking for a strategic advantage in their logistics and distribution processes.
Meeting Market Demands
Provident Industrial is aware of the current market trends and the pressing need for industrial space, particularly in regions where construction activity has recently slowed. By spearheading this project, Provident aims to fill the gap in the Northwest submarket, ensuring that businesses have access to the facilities they need to thrive. Case Van Lare, Managing Director at Provident Industrial, along with Chris Martin, who serves as Director of Southwest Industrial Development and Acquisitions, are leading the charge on this project. Their insights into the evolving industrial landscape have shaped this development into what they believe is a timely response to market demands.
Quote from Leadership
Chris Martin elaborated on the business climate in the region, stating, "Phoenix has been one of the hottest industrial markets in the Sunbelt. We've diligently followed its growth, and Orangewood Commerce Center signifies the right opportunity at the right moment. As we expand our presence in the Southwest, we're optimistic that our project will cater to the increasing need for industrial space, with delivery scheduled for late 2025." This kind of forward-thinking approach is essential in today’s competitive real estate environment.
Leasing and Representation
To navigate leasing opportunities effectively for the Orangewood Commerce Center, Provident has enlisted the expertise of John Wrestler, Cooper Fratt, and Tanner Ferrandi from CBRE. This dynamic team is well-equipped to connect prospective tenants with the high-quality space that the new facility will offer, ensuring that businesses looking to establish a foothold in the region can do so efficiently.
Contact for Media Inquiries
For any media inquiries related to the Orangewood Commerce Center project, please contact Chris Martin. This line of communication ensures that interested parties can obtain updates on the development and its progress as it moves forward.
About Provident
Provident boasts over 30 years of experience in the real estate and investment sector, skillfully navigating through various market cycles. The company prides itself on its adaptability and keen insight into changing market dynamics. Focused on delivering substantial returns to their partners, Provident engages in developing opportunistic and value-add strategies across the country. Since its inception in 1991, the firm has invested over $5.9 billion in real estate projects nationwide, cementing its reputation as a leader in the industry.
Frequently Asked Questions
What is the size of the Orangewood Commerce Center?
The Orangewood Commerce Center will cover 292,276 square feet, featuring modern industrial spaces.
Who are the key players involved in this development?
Key figures include Case Van Lare, Chris Martin, John Wrestler, Cooper Fratt, and Tanner Ferrandi, among others.
When is the expected delivery date for the facility?
The facility is slated for delivery in late 2025, following its scheduled construction timeline.
What unique features will the facility provide?
The center will have a 36-foot clear height, numerous dock doors, and flexible space for varying business needs.
How can businesses inquire about leasing opportunities?
Businesses interested in leasing can reach out to CBRE representatives for details and inquiries.
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