Provident Industrial Launches Exciting New Development
Provident Industrial, a branch of Provident, is excited to share details about a new project that represents a key moment for the company. This new industrial site, located at 6550 W. Orangewood Avenue, is set to create jobs and stimulate the local economy while also addressing the growing need for high-quality industrial spaces.
Introducing the Orangewood Commerce Center
The Orangewood Commerce Center is being designed as a cutting-edge facility that will span an impressive 292,276 square feet. Alongside modern industrial functions, it will include 2,000 square feet dedicated to speculative office space. This carefully designed site aims to cater to businesses in search of flexible configurations, with options available that range from 100,000 square feet to the full facility size. With a clear height of 36 feet, 59 dock doors, and 4 grade-level doors, the layout emphasizes efficiency and functionality to facilitate seamless operations for tenants.
Prime Location and Accessibility
Located just 10 miles northwest of a major urban area, the Orangewood Commerce Center offers excellent accessibility. It's conveniently situated only 0.5 miles from U.S. 60 and about 4 miles from the Loop 101 Freeway. This strategic placement will provide businesses with easy access to key transportation routes, making it an attractive option for companies seeking a logistical edge.
Addressing Market Needs
Provident Industrial understands the current market trends and the urgent need for more industrial spaces, especially in areas where construction has slowed down. By taking the lead on this project, Provident aims to bridge this gap in the Northwest submarket, ensuring businesses have the facilities necessary to grow and succeed. The efforts of Case Van Lare, Managing Director at Provident Industrial, along with Chris Martin, Director of Southwest Industrial Development and Acquisitions, are crucial in shaping this development. Their insights into the industrial sector have been instrumental in crafting a timely response to market demands.
Leadership Insights
Chris Martin discussed the regional business climate, noting, "Phoenix has been one of the hottest industrial markets in the Sunbelt. We’ve closely monitored its growth, and the Orangewood Commerce Center represents the perfect opportunity at an opportune time. As we expand our footprint in the Southwest, we’re hopeful that our project will meet the rising demand for industrial space, with an anticipated delivery in late 2025." Such forward-thinking strategies are essential in today’s competitive real estate landscape.
Leasing and Representation
To effectively handle leasing opportunities at the Orangewood Commerce Center, Provident has partnered with experts John Wrestler, Cooper Fratt, and Tanner Ferrandi from CBRE. This skilled team is prepared to connect potential tenants with the high-quality spaces that the new center will offer, making it easier for businesses to establish a presence in the region.
Media Inquiries
For any media questions regarding the Orangewood Commerce Center project, please reach out to Chris Martin. Establishing this line of communication allows interested parties to stay informed about the development’s progress as it unfolds.
About Provident
With over 30 years of experience in the real estate and investment field, Provident has navigated various market cycles with skill. The company prides itself on its ability to adapt and understand shifting market dynamics. Focused on delivering quality returns to its partners, Provident engages in both opportunistic and value-add strategies across the United States. Since its founding in 1991, the firm has invested more than $5.9 billion in real estate projects nationwide, solidifying its reputation as an industry leader.
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.
