TUCSON, ARIZONA (July 13, 2026) — Provident Industrial, a division of Dallas-based real estate development and investment firm Provident, acquired approximately 10 acres at the southwest corner of Valencia and Palo Verde roads for $3.45 million.
The land sale closed June 12, 2026. Provident plans to develop Valencia Airport Center, a 163,000-square-foot Class A distribution facility near Tucson International Airport.
The project is expected to be the market’s only available institutional-quality industrial facility offering trailer parking, a fully concrete truck court, perimeter fencing and controlled access.
Located in the heart of the Tucson Airport submarket, the property offers direct access to Mexico via Interstate 19 and connections to major Western U.S. logistics corridors through Interstate 10.
Valencia Airport Center will be Provident’s third project in Arizona and its first in Tucson, expanding the company’s presence in high-growth industrial markets.
Construction is underway on the more than $25 million development, which is scheduled for completion and occupancy in the second quarter of 2027. Once completed, the project will add new Class A industrial space to one of Tucson’s most active industrial submarkets.
The project is being led by Provident Market Officer Chris Martin and Market Leader Steven Nemer.
“Valencia Airport Center is an especially meaningful project because of the relationships that helped bring it together,” Nemer said. “Tucson was my home for years, and it is exciting to deliver a best-in-class facility for employers in the community while helping complete one of the best remaining undeveloped sites along the heavily traveled Valencia Road corridor.”
Nemer said the sellers had owned the property for two decades and thanked the economic development representatives, capital partners, architects, contractors, and other project participants who helped bring the development together.
Provident cited Tucson’s population of more than 1 million residents, the University of Arizona’s enrollment of more than 50,000 students and the region’s employment base in manufacturing, defense, mining and technology as factors supporting its investment.
The company also noted that Tucson recorded 31.7% income growth from 2019 through 2024, ranking fourth among the peer metropolitan areas it analyzed.
Source: RED Comp #12547