{"id":1004805411,"date":"2026-07-15T06:28:38","date_gmt":"2026-07-15T14:28:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004805411"},"modified":"2026-07-15T06:28:40","modified_gmt":"2026-07-15T14:28:40","slug":"provident-industrial-breaks-ground-on-philly-area-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/provident-industrial-breaks-ground-on-philly-area-asset\/","title":{"rendered":"Provident Industrial Breaks Ground on Philly-Area Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a57b2faaaadd&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004805314\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/300-keystone_2026-06-12_provident-limerick-pa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg\" data-orig-size=\"1600,898\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&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;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"300-Keystone_2026-06-12_Provident-Limerick-PA\" data-image-description=\"&lt;p&gt;Image from: https:\/\/www.prnewswire.com\/news-releases\/provident-industrial-breaks-ground-on-300-keystone-drive-marking-its-first-northeast-development-302823393.html&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Construction on 300 Keystone is expected to conclude in the summer of 2027. Image courtesy of Provident Industrial&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"575\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg?w=1024\" alt=\"A rendering of 300 Keystone Drive.\" class=\"wp-image-1004805314\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg 1600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg?resize=300,168 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg?resize=768,431 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg?resize=1024,575 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/300-Keystone_2026-06-12_Provident-Limerick-PA.jpg?resize=1536,862 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Construction on 300 Keystone is expected to conclude in the summer of 2027. <em>Image courtesy of Provident Industrial<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Provident Industrial has broken ground on a 257,040-square-foot industrial building in Limerick, Pa. This is the first development in the Northeast for Provident Industrial, a division of real estate development and investment company Provident.<\/p>\n\n\n\n<p>Delivery is scheduled for June 2027.<\/p>\n\n\n\n<p>The location at 300 Keystone Drive is along the Route 422 corridor northwest of Philadelphia. The building will feature 36-foot clear height with 48 dock doors, 24 of them with levelers, seals, bumpers and dock lights, a Provident spokesperson told <em>Commercial Property Executive<\/em>. In addition, there will be 247 car parking spaces and 59 trailer parking spaces, along with a 1,534-square-foot spec office.<\/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\/cre-trends-at-midyear\/\">CRE Trends at Mid-Year<\/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>CBRE Executive Vice President Paul Touhey is handling leasing for the project.<\/p>\n\n\n\n<p>In a prepared statement, Eric Moser, market officer at Provident Industrial, described the submarket as underserved by modern industrial product, with much of the existing inventory being 40 to 50 years old and no longer suitable for today&#8217;s industrial tenants.<\/p>\n\n\n\n<p>The development is part of a growth strategy for Provident Industrial, targeting supply-constrained markets with infrastructure access and sustained industrial demand, from Virginia to Boston.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-big-business-in-big-boxes-nbsp\">Big business in big boxes&nbsp;<\/h2>\n\n\n\n<p>The southeast Pennsylvania region\u2019s industrial space market has a 10.8 percent total availability on an inventory of 204.8 million square feet, according to a second-quarter report from CBRE. Net absorption year-to-date has been 407,000 square feet, but deliveries too have been modest at 484,000 square feet. About 1.9 million square feet is under construction.<\/p>\n\n\n\n<p>In March, Colliers Executive Vice President Tom Golarz dissected the Philadelphia metro\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-big-box-hits-a-reset-in-greater-philadelphia\/\">big-box industrial market<\/a> specifically, referring to facilities larger than 200,000 square feet and with at least 28-foot clear height. He credited the region\u2019s strong demand for big-box space in large measure to geography, with the ability to reach one-third of the U.S. population and half of the Canadian population in a day\u2019s truck drive.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development marks the company\u2019s entry into the Northeast.  <\/p>\n","protected":false},"author":882,"featured_media":1004805315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,10,1494],"tags":[32789,52842],"class_list":["post-1004805411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-northeast","category-philadelphia","tag-cbre","tag-provident"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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