Provident Industrial Sells Building III at Gateway Logistics Park
Provident Industrial, a division of Dallas-based Provident, has finalized the sale of Building III at Gateway Logistics Park. The buyer is EQT Exeter, a global real estate firm with a wide-ranging portfolio that spans logistics, industrial, and residential assets across multiple continents.
The transaction marks another step in Provident’s ongoing industrial strategy, while placing a high-quality logistics asset into EQT Exeter’s platform.
What Sets Building III Apart
Building III is a cornerstone of the broader Gateway Logistics Park buildout. The facility totals 345,394 square feet and is designed for modern distribution needs, with 36-foot clear heights, 59 dock doors, and two ramp doors that streamline loading and unloading. A dedicated trailer staging area adds 98 trailer spaces, bringing total trailer capacity to 173—supporting steady flow on busy days and giving tenants room to scale.
Location That Works for Cross-Border Trade
Sited just off Loop 375 and only 7.5 miles from the Ysleta-Zaragoza Port of Entry, Building III puts tenants close to a key border crossing. That proximity strengthens cross-border logistics and distribution, making the location especially attractive to companies serving North America and beyond.
Industrial Momentum in the Market
Local industrial construction has been building, and this project is part of that upswing. Harvey-Cleary delivered the building, with Pritchard Associates providing construction management. On the Provident side, Managing Director Case Van Lare and Chris Martin, Director of Southwest Industrial Development & Acquisitions, were instrumental in moving the project to the finish line. They’ve emphasized Provident’s investment in El Paso and the pull of nearshoring and reshoring—trends drawing more industries to the region.
Provident’s Expansion in the Sector
Beyond this sale, Provident continues to scale its industrial footprint. The company has 7.9 million square feet under construction or in pre-development across Texas, Arizona, and the Carolinas. That pipeline reflects a deliberate push to meet shifting demand in logistics and industrial real estate.
About Provident Industrial
Provident is a privately held real estate and investment firm with more than 30 years in the business. Since 1991, the company has developed or invested in over $5.9 billion of real estate nationwide. With a forward-looking approach, Provident targets opportunities that align with market needs and long-term demand.
Frequently Asked Questions
What asset did Provident Industrial sell, and who bought it?
Provident Industrial sold Building III at Gateway Logistics Park. The buyer is EQT Exeter, a global real estate firm.
How large is Building III, and what are its key specs?
The building totals 345,394 square feet and features 36-foot clear heights, 59 dock doors, and two ramp doors. It also includes a trailer staging area with 98 spaces, bringing total trailer capacity to 173.
Who delivered the project?
Harvey-Cleary completed construction, and Pritchard Associates handled construction management.
Why is the location considered strategic?
It’s near Loop 375 and just 7.5 miles from the Ysleta-Zaragoza Port of Entry, which supports cross-border logistics and distribution across North America.
What does Provident’s broader growth plan look like?
Provident is expanding its industrial portfolio with 7.9 million square feet under construction or in pre-development across Texas, Arizona, and the Carolinas.
