{"id":1004747968,"date":"2025-02-20T05:14:35","date_gmt":"2025-02-20T13:14:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004747968"},"modified":"2025-02-20T06:58:47","modified_gmt":"2025-02-20T14:58:47","slug":"provident-industrial-breaks-ground-on-4th-phase-of-el-paso-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/provident-industrial-breaks-ground-on-4th-phase-of-el-paso-project\/","title":{"rendered":"Provident Industrial Breaks Ground on Phase 4 of El Paso Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1052\" height=\"790\" data-attachment-id=\"1004724482\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-buys-el-paso-industrial-duo\/provident-realty-advisors-inc\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg\" data-orig-size=\"1052,790\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Provident Realty Advisors, Inc.&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Building I of Gateway Logistics Park, El Paso, TX&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Provident Realty Advisors Inc&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Provident Realty Advisors Inc\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Building I of Gateway Logistics Park, El Paso&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg\" alt=\"Exterior shot of Gateway Logistics Park's Building I in El Paso, Texas\" class=\"wp-image-1004724482\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg 1052w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/08\/Gateway-Logistics-Park-Building-1-e1723024313431.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 1052px) 100vw, 1052px\" \/><\/a><figcaption class=\"wp-element-caption\">Building 1 of Gateway Logistics Park measures about 308,200 square feet. <em>Image courtesy of Provident Industrial<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Dallas-based Provident Industrial is expanding Gateway Logistics Park in El Paso, Texas, with the development of Phase 4\u2014three Class A industrial buildings totaling 497,280 square feet. The first three phases comprised three buildings with a total of 921,759 square feet and have since been sold.<\/p>\n\n\n\n<p>Construction has already begun on Phase 4, which is located 7.5 miles north of the Ysleta-Zaragoza Port of Entry in Juarez, Mexico. The industrial park also has direct access to Loop 375, which offers connectivity to Interstate 10.<\/p>\n\n\n\n<p>The three new assets are taking shape just east of the initial phases. When complete, Buildings 4 and 5 will each feature 147,420 square feet and a shared 205-foot truck court. Building 6 will have 202,440 square feet and feature a 130-foot truck court and 44 trailer parking stalls.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">Top 10 Markets for Industrial Deliveries<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Harvey Cleary serves as general contractor, with Pritchard Associates overseeing construction management. Provident Managing Director Case Van Lare and Chris Martin, director of Southwest Industrial Development &amp; Acquisitions, are leading the project.<\/p>\n\n\n\n<p>The developer <a href=\"https:\/\/www.commercialsearch.com\/news\/eqt-exeter-buys-el-paso-industrial-duo\/\">sold the property&#8217;s Buildings 1 &amp; 2<\/a> to EQT Exeter in August. Building 1, which has 308,200 square feet, was completed in November 2023, while the 267,100-square-foot Building 2 came online in April 2024. The 345,394-square-foot Building 3 was also acquired by EQT in August.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-provident-deals\">Other Provident deals<\/h2>\n\n\n\n<p>Last month, Provident broke ground on a fully entitled industrial site at 500 E. Bardin Road in Arlington, Texas, in the heart of the Dallas-Fort Worth metro. The 161,408-square-foot A20 Logistics Center is scheduled for delivery in the first quarter of 2026.<\/p>\n\n\n\n<p>Also in January, the developer <a href=\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/\">sold two industrial buildings<\/a> in Plano, Texas, to Rosewood Property Co. Delivered in 2021, the facilities were part of the second phase of Plano Commerce Center development that totaled 300,000 square feet. Building C had changed hands in June.<\/p>\n\n\n\n<p>And in December, Provident sold the newly built Hall Road Distribution Center in Houston to David Wang and Yong Lin, owners of the local seafood logistics company, Ocean Kingdom. The 139,000-square-foot asset is just south of Hobby Airport along Beltway 8, offering direct access to Interstate 45 South. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>At full build-out, this campus will comprise some 1.4 million square feet.<\/p>\n","protected":false},"author":1068,"featured_media":1004724482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,51973],"tags":[50485],"class_list":["post-1004747968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-southwest","tag-harvey-cleary-builders"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Provident Industrial Breaks Ground on Phase 4 of El Paso Project - 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