Provident Industrial Expands with New Park in Phoenix
Slice of Real Estate Team
12/11/2025
Key highlights
- 27 acres acquired for Aldea Exchange
- 471,439 sq ft across three buildings
- Seamless access to Loop 101 and major markets
- Construction set to begin in Q3 2026
- $80+ million investment in Phoenix
Source: PR Newswire
Notable Quote
“ Aldea Exchange marks a major milestone in our expansion strategy and reinforces our long-term commitment to delivering institutional-quality industrial product in Phoenix. ”
Steven Nemer, Market Leader at Provident
Why this matters
The acquisition of Aldea Exchange significantly boosts Provident Industrial's presence in Phoenix, a strategically important logistics hub, highlighting the growing demand for modern industrial spaces in the region. This development is particularly significant for the real estate sector.
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