Provident Industrial Starts Construction on Eagle 35
Provident Industrial has officially embarked on a significant journey with the groundbreaking of the Eagle 35 project. This innovative industrial development is set to include three meticulously designed buildings, offering a total of 292,884 square feet of premium Class A industrial space. Located strategically near major thoroughfares, this site boasts exceptional accessibility, making it an invaluable asset for future tenants.
Project Features and Specifications
The Eagle 35 site will feature two buildings, each comprising 75,970 square feet, built to accommodate modern industrial needs. Both of these structures will have 28-foot clear heights and are designed with logistical efficiency in mind, including a shared 185-foot truck court equipped with two drive-in doors and 28 dock-high doors. In addition, a third building will measure 140,944 square feet, boasting a higher clear height of 32 feet, three drive-in doors, and 21 dock-high doors, catering to diverse operational requirements.
Strategic Importance and Timing
Expected to reach completion by the beginning of 2027, Eagle 35 enters the market at an intriguing time. With construction activities in the regional area of Round Rock facing delays due to limited land availability, this project aims to capitalize on the growing tenant demand spurred by favorable demographics and proximity to major highways such as I-35 and U.S. 290. The development is considered a remarkable opportunity to utilize one of the last remaining infill-zoned industrial sites in a rapidly expanding market.
Leadership and Development Partners
Leading the project is Hunter Graham, Market Officer at Provident Industrial, who expressed enthusiasm about the venture, stating, "Eagle 35 represents a rare opportunity to develop one of the few remaining infill-zoned industrial sites in one of the nation's fastest-growing regions. We're thrilled to establish our presence in the Austin market." He is supported by Nathan Forney, who oversees the construction, ensuring that this project meets the highest standards and stays on schedule.
Collaborative Efforts for Success
In partnership with CIBC Bank USA, Provident Industrial is committed to delivering a state-of-the-art facility that caters to the distinct needs of future tenants. For leasing operations, the firm has engaged Brian Liverman and Matt Jacobs from Cushman & Wakefield, known for their expertise in the commercial real estate space.
About Provident Industrial
As a prominent player in the real estate investment sector, Provident has built a reputation over its 30 years in the industry, successfully navigating different market cycles with agility and insight. Since its inception in 1991, Provident has developed or invested in over $6.0 billion in real estate projects, demonstrating a steadfast commitment to delivering exceptional returns for its investor partners. Through strategic development and adaptive strategies, Provident remains focused on providing value-added approaches to real estate.
Frequently Asked Questions
What is Eagle 35?
Eagle 35 is an industrial development project being built by Provident Industrial, featuring three buildings totaling 292,884 square feet of Class A industrial space.
When is the completion date for Eagle 35?
The project is expected to be completed by early 2027.
Who is responsible for leasing at Eagle 35?
Brian Liverman and Matt Jacobs from Cushman & Wakefield are overseeing the leasing for the Eagle 35 project.
What makes Eagle 35 strategically important?
This development is strategically located near major highways, offering significant connectivity advantages that are expected to attract future tenants.
Who leads the Eagle 35 project at Provident Industrial?
Hunter Graham is the Market Officer leading the Eagle 35 project, supported by Nathan Forney, who manages construction oversight.
