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LAREDO, Texas, April 8, 2025 /PRNewswire/ — Provident Industrial, a division of the Dallas-based real estate development firm Provident, has successfully completed the sale of Phase 1 of the Northpoint 35 Industrial Park.
Developed in 2024 and located at 1203 Reuthinger Parkway, Laredo, TX. Northpoint 35 is situated within the North Industrial Laredo Park, a vibrant industrial hub in the north Laredo submarket.
Northpoint 35 Phase 1 – Laredo, TX
Phase 1 of Provident’s Northpoint 35 development consists of one metal maintenance building totaling 10,000 square feet on 32 acres with 919 trailer parking stalls. In March 2025, Phase 1 was sold to Alterra IOS, a vertically integrated real estate company focused on industrial outdoor storage facilities.
The project was spearheaded by Provident’s Houston Office, Director Christen Vestal, and Senior Analyst, Titus Jefferies. Phase I of Northpoint 35 was developed in partnership with Interbank Bank and Howard Capital Partners.
Provident has significantly expanded its industrial portfolio, with 8.2 million square feet currently under construction or in pre-development across Texas, Arizona, and the Carolinas.
About Provident
Provident is a privately held real estate and investment firm with over three decades of success across multiple market cycles driven by foresight, experience, and adaptability to changing markets. Provident focuses on delivering exceptional risk-adjusted returns to investor partners through development of opportunistic and value-add strategies. Since its founding in 1991, Provident has developed or invested in over $5.9 billion in real estate projects nationwide. For more information, please visit www.providentrealty.net.
Media Contact: Christen Vestal, [email protected]
SOURCE Provident Realty Advisors, Inc.
