Provident Industrial Completes Successful Sale of Logistics Site
Provident Industrial Sells Building III at Gateway Logistics Park, Signaling Continued Growth
Provident Industrial, a division of a long-standing real estate firm, has closed the sale of Building III at Gateway Logistics Park. The buyer is EQT Exeter, a prominent global real estate investor and operator known for a diversified portfolio across multiple asset classes and regions. The sale reflects steady demand for modern industrial space and the momentum at Gateway Logistics Park.
Inside Building III: Scale and Specs
Building III represents the third phase of development at Gateway Logistics Park and adds meaningful capacity to the project. The facility spans 345,394 square feet with 36-foot clear heights, designed to support high-volume distribution and flexible warehouse layouts. It includes 59 dock doors for efficient loading and unloading and 2 ramp doors to accommodate a range of vehicle types and tenants’ operational needs.
For trailer logistics, the building features a gated staging area with 98 trailer spaces. With this addition, total trailer parking at the site rises to 173 spaces, helping streamline yard management and peak shipping activity.
Location and Access
Sited just east of the previously delivered Buildings I and II, Building III benefits from quick connectivity to Loop 375. It also sits approximately 7.5 miles from a key border port, a practical advantage for companies handling cross-border logistics, time-sensitive distribution, and regional supply chains.
Delivery Team and Development Partners
Construction of Building III was completed efficiently under general contractor Harvey-Cleary, with Pritchard Associates providing logistical oversight. The development was a coordinated effort involving Provident, WestStar Bank, and Singerman Real Estate. Guided by Managing Director Case Van Lare and Chris Martin, Provident continues to focus on projects that meet rising demand for well-located industrial facilities.
Market View from Chris Martin
Chris Martin, Director of Southwest Industrial Development & Acquisitions, underscored why the market continues to attract investment: “Our investment in this area was driven by emerging trends in nearshoring and reshoring. The region has experienced remarkable growth as numerous companies move operations here. We’re thrilled about EQT Exeter's continued success and their commitment to expanding at Gateway Logistics Park.”
Provident’s Broader Industrial Pipeline
Provident has grown its industrial pipeline in recent years, with 7.9 million square feet currently under construction or in pre-development across Texas, Arizona, and the Carolinas. This measured expansion tracks ongoing shifts in supply chains and tenant demand, while reinforcing Provident’s focus on delivering modern, functional space.
About Provident Industrial
Privately held and active since 1991, Provident has more than three decades of experience developing and investing across market cycles. The firm has developed or invested in over $5.9 billion of real estate nationwide, drawing on that experience to navigate changing conditions and support long-term growth.
Frequently Asked Questions
What did Provident Industrial sell, and who was the buyer?
Provident Industrial sold Building III at Gateway Logistics Park to EQT Exeter. The transaction marks the third phase of the park’s development and reflects continued demand for modern industrial space.
What are the key features of Building III?
The building totals 345,394 square feet with 36-foot clear heights, 59 dock doors, and 2 ramp doors. It also includes a gated trailer staging area with 98 trailer spaces, bringing total trailer parking on-site to 173.
Why is the location of Building III advantageous?
Building III sits just east of Buildings I and II with direct connectivity to Loop 375 and is about 7.5 miles from a key border port. That proximity makes it well-suited for cross-border logistics and regional distribution.
Who helped deliver the project?
Harvey-Cleary served as general contractor, with Pritchard Associates overseeing logistics. The effort involved Provident, WestStar Bank, and Singerman Real Estate, with leadership from Managing Director Case Van Lare and Chris Martin.
How is Provident Industrial expanding its industrial portfolio?
Provident currently has 7.9 million square feet under construction or in pre-development across Texas, Arizona, and the Carolinas, building on its long-standing presence and experience since 1991.
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