By Provident Realty Advisors via PR Newswire
Provident Realty Advisors announced the acquisition of 16.60 acres at 6550 W. Orangewood Avenue, Glendale. Located just west of Grand Avenue, Provident plans to develop a +/-302.4KSF speculative warehouse/distribution facility on the site.
Construction on the Class-A distribution facility will begin in the first half of 2023 with completion slated for early 2024. The building will feature 36′ clear heights, +/- 61 dock doors, a 185′ truck court, and 86 trailer parking spaces.
Over the past three years, Provident has rapidly grown their industrial portfolio across the Sunbelt. It currently owns 14 industrial sites and will have more than 9MSF under development by the end of 2022.
Case Van Lare, Chris Martin and Cavanaugh Adams led the transaction for Provident Realty Advisors. John Werstler, Cooper Fratt and Tanner Ferrandi with CBRE will spearhead leasing for the development. (Source)
AZBEX NOTE: According to media reports, Powers Brown Architecture is the design firm. The civil engineer is Hunter Engineering.
