Provident Industrial acquired 27 acres in Phoenix, Arizona, for the development of Aldea Exchange, a three-building Class A industrial park. The $80 million project will deliver three newly constructed Class A industrial buildings totaling 471,439 square feet.

Located at the Southwest corner of North 99^th Avenue and W. Montebello Avenue, the site is positioned at the heart of the 101 Corridor within Phoenix’s Southwest Valley submarket and offers visibility and direct access to Loop 101. That, in turn, offers connectivity to key West Coast logistics hubs, including Southern California, the Inland Empire, Las Vegas, and other major Western distribution markets.

Construction is scheduled to begin in Q3 2026. Upon completion, Provident will have over 1 million square feet of warehouse space in their pipeline.