Provident Business Acquires 27 Acres to Assemble a Magnificence A Business Ground in Phoenix

PHOENIX, Dec. 9, 2025 /PRNewswire/ – Provident Business, a section of Dallas-based Provident, has received 27 acres in Phoenix, Arizona, for the advance of Aldea Trade, a three-building Magnificence A commercial landscape. Positioned on the Southwest nook of North 99^th Street and W. Montebello Street, the website online is located on the center of the 101 Hall inside Phoenix’s Southwest Valley submarket and do business in visibility and direct get admission to to Loop 101, enabling seamless connectivity to key West Coast logistics hubs, together with Southern California, the Inland Empire, Las Vegas, and alternative main Western distribution markets.

Aldea Trade will ship 3 newly built Magnificence A commercial structures totaling 471,439 sq. toes, which will probably be designed to satisfy the wishes of contemporary logistics, distribution, and brightness production customers. The mission will attribute institutional-quality specs and capability that give a boost to operational potency and long-term cost for tenants.

Development is scheduled to start out in Q3 2026, bringing provide to some of the Phoenix metro’s maximum lively and resilient commercial submarkets. The improvement is being led through Marketplace Officer Chris Martin and Marketplace Chief Steven Nemer.  Reflecting at the acquisition, Nemer famous, “Aldea Exchange marks a major milestone in our expansion strategy and reinforces our long-term commitment to delivering institutional-quality industrial product in Phoenix. This $80+ million investment is our first since opening our Phoenix office and brings our Phoenix pipeline to nearly 1 million square feet. We are grateful for the partnerships that make projects like this possible.”

About Provident
Provident is a privately held actual property and funding company with over 3 a long time of good fortune throughout more than one marketplace cycles pushed through foresight, revel in, and suppleness to converting markets. Provident makes a speciality of handing over remarkable risk-adjusted returns to investor companions in the course of the construction of opportunistic and value-add methods. Since its settingup in 1991, Provident has evolved or invested in over $6.0 billion in actual property tasks national. For more info, please discuss with www.provident.net.

Media Touch: Steven Nemer, [email protected]

SOURCE Provident Realty Advisors, Inc.