Provident Industrial's Strategic Sale Boosts Logistics Efficiency
Provident Industrial Sells Hall Road Distribution Center
Provident Industrial has made remarkable strides in the logistics sector by successfully selling the Hall Road Distribution Center. The buyer, David Wang, along with Yong Lin, who are the driving forces behind Ocean Kingdom, will utilize the facility as their central hub for the distribution of frozen seafood sourced from various parts of the world.
Key Features of Hall Road Distribution Center
Located at 7916 Hall Rd, the Hall Road Distribution Center encompasses an impressive 139,000 square feet of industrial workspace. It showcases several sought-after features including a 32-foot clear height, 32 dock doors, two ramps, and expansive 60-foot speed bays. The facility's architecture allows for efficient logistics operations, ensuring fluid movement of goods.
Strategic Location for Optimal Operations
This state-of-the-art distribution center is strategically positioned just south of Hobby Airport, offering excellent connectivity. Immediate access to key routes like I-45 South and Beltway 8 facilitates quick transportation, enhancing operational efficiency for businesses. Additionally, its closeness to vital terminals — just 18 miles from Bayport Terminal and 23 miles from Barbours Cut Terminal — establishes it as a prime location for cross-border logistics and distribution work.
Construction and Collaboration
Completion of the Hall Road Distribution Center was achieved in late 2024, with Angler Construction leading the project. Provident partnered with Junction and Singerman Real Estate for this significant endeavor. Christen Vestal, who serves as the Industrial, South Central Director of Development at Provident, expressed excitement about the project. She remarked on the increasing trend of logistics companies desiring to own their facilities, which this project exemplifies.
Expansion of Provident's Industrial Portfolio
Building on its successes, Provident Industrial continues to expand its reach in the industrial sector. The firm currently has 8.2 million square feet either under construction or in pre-development stages across Texas, Tennessee, Arizona, and the Carolinas. Over the previous three years, this strategic growth highlights their commitment to meeting the evolving demands of the logistics market.
About Provident
Provident operates as a privately held real estate and investment firm with a rich history of over three decades. Their success stems from a blend of foresight, vast experience, and adaptability to fluctuating market trends. Delivering exceptional risk-adjusted returns to their investor partners remains a priority through a combination of opportunistic and value-add strategies. Since its inception in 1991, Provident has been involved in over $5.9 billion worth of real estate projects across the nation, illustrating its robust presence in the industry.
Media Contact: Christen Vestal
Frequently Asked Questions
What is the purpose of the Hall Road Distribution Center?
The Hall Road Distribution Center will serve as an operational hub for Ocean Kingdom, facilitating the import and distribution of frozen seafood products.
What are the key features of the facility?
The center includes 139,000 square feet of space, a 32-foot clear height, 32 dock doors, and 60-foot speed bays designed for efficient logistics operations.
When was the Hall Road Distribution Center completed?
The construction of the Hall Road Distribution Center was completed in late 2024.
Why is the location of the center significant?
Its proximity to Hobby Airport and major highways, along with nearby terminals, positions it ideally for logistics and distribution functions.
What is Provident's mission in the industrial sector?
Provident aims to create value for its investors while expanding its industrial portfolio across key U.S. markets, driven by opportunities and aligning with current industry demands.
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