TUCSON, AZ (July 15, 2026) -- Chapman Management Group, LLC facilitated the $3.45 million sale of approximately 9.6 acres of shovel-ready industrial land at 3430 E. Valencia Road in Tucson.
PI TUS VALENCIA, LP, an entity affiliated with Provident Industrial, acquired the property from Airport Commerce Center, LLC. The transaction closed June 12, 2026.
The site, located near the southwest corner of Valencia and Palo Verde roads, consists of seven contiguous industrial-zoned lots with sewer and utility connections stubbed to each parcel. The infrastructure and location provide a rare ready-to-develop opportunity within the Tucson Airport industrial submarket.
Erik Chapman, CCIM, CPM, and Nick Travassos, MRED, CCIM, of Chapman Management Group represented the seller. The acquisition was led by Steven Nemer, Southwest market leader for Provident Industrial, a division of Dallas-based real estate development and investment firm Provident.
Provident plans to develop Valencia Airport Center, a 163,000-square-foot Class A distribution facility with 32-foot clear heights. The more than $25 million development is under construction and is scheduled for completion and occupancy during the second quarter of 2027.
Once completed, Valencia Airport Center is expected to be the Tucson market’s only available institutional-quality industrial facility offering trailer parking, a fully concrete truck court, perimeter fencing and controlled access.
Located in one of Tucson’s most active industrial corridors, the property provides convenient access to Tucson International Airport, Interstate 19 and Interstate 10. The location offers direct connectivity to Mexico and major logistics routes serving markets throughout the Western United States.
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.
The project is being led by Provident Market Officer Chris Martin and 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 noted that the sellers had owned the property for approximately two decades and credited the economic development representatives, capital partners, architects, contractors, and other project participants who helped bring the development together.
Provident cited the Tucson region’s population of more than 1 million residents, the University of Arizona’s enrollment of more than 50,000 students and the area’s strong employment base in manufacturing, defense, mining and technology as factors supporting the investment.
The company also reported that Tucson experienced 31.7% income growth between 2019 and 2024, ranking fourth among the peer metropolitan areas included in its analysis.
For additional information, contact Erik Chapman at (520) 867-8899 or Nick Travassos at (520) 867-8438.
Source: RED Comp #12547