/C O R R E C T I O N -- Provident Realty Advisors, Inc./
In the news release, Provident Industrial Expands Gateway Logistics Park with 497,280 SF Phase 4 Development, issued 19-Feb-2025 by Provident Realty Advisors, Inc. over PR Newswire, we are advised by the company that the fourth paragraph, third sentence, should begin "Reflecting on the project, Chris Martin stated..." rather than the originally issued sentence. The complete, corrected release follows:
Provident Industrial Expands Gateway Logistics Park with 497,280 SF Phase 4 DevelopmentEL PASO, Texas, Feb. 19, 2025 /PRNewswire/ -- Provident Industrial, a division of the Dallas-based Provident, is pleased to announce the groundbreaking of Phase 4 at Gateway Logistics Park. This next phase will add three Class A industrial buildings totaling 497,280 square feet, further expanding the park's footprint and reinforcing its position as a premier logistics hub in the region.
Phase 4 will introduce three new rear-load buildings, adding to the 921,759 square feet already developed across Phases 1, 2, and 3. Construction is underway on all three buildings, with Buildings 4 and 5 each spanning 147,420 square feet and featuring a shared 205-foot truck court. Building 6, a 202,440-square-foot facility, will include a 130-foot truck court and 44 trailer parking stalls.
Strategically positioned just east of the initial phases, Phase 4 offers prime connectivity with direct access to Loop 375 and is located just 7.5 miles north of the Ysleta-Zaragoza Port of Entry in Juárez, Mexico—an ideal location for tenants involved in cross-border logistics and distribution.
Harvey-Cleary serves as the general contractor, with Pritchard Associates overseeing construction management. Provident's Managing Director, Case Van Lare, and Chris Martin, Director of Southwest Industrial Development & Acquisitions, are leading the project. Reflecting on the project, Chris Martin stated, "The continued growth of Gateway Logistics Park underscores our commitment to delivering high-quality industrial space in El Paso. With the success of the earlier phases, this next phase strengthens the park's position as a critical hub for logistics and distribution for the region."
About Provident
Over the past three years, Provident has significantly expanded its industrial portfolio, with 9.1 million square feet currently under construction or in pre-development across Texas, Arizona, and the Carolinas. As a privately held real estate and investment firm with over three decades of experience, Provident has navigated multiple market cycles and has developed or invested in more than $5.9 billion worth of real estate nationwide since 1991. For more information, please visit www.providentrealty.net.
Media Contact: Chris Martin, cmartin@providentrealty.net
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SOURCE Provident Realty Advisors, Inc.