This is not a repeat: Another big real estate transaction took place in Glendale’s “New Frontier” near Loop 303.
VanTrust Real Estate recently acquired 76 acres at Sarival Road and Maryland Avenue.
According to a press release, VanTrust plans to break ground in October on a 660,000-square-foot speculative industrial building to be completed in June.
The land is one of multiple sites that Glendale annexed from Maricopa County over the last six months.
“The site is located in close proximity to a growing and skilled labor force, along with prime access to the Loop 303 freeway. In addition, the building’s size offers tremendous opportunity and flexibility,” said Jenna Borcherding, director of development with VanTrust. “There’s significant tenant demand for quality industrial space in the area, and with its adjacency to the Loop 303, this building will provide state-of-the-art design in a first-class environment.”
The brokerage team representing this industrial space is Cushman & Wakefield. “This Class A institutional quality distribution facility is being constructed to accommodate and meet the newest market requirements for distribution and e-commerce fulfillment along the Loop 303 corridor,” said Jim Wilson, executive managing director of Cushman & Wakefield.
When it is complete, the speculative industrial space will offer 40-foot heights, “clerestory glass for abundant natural light, ample auto and trailer parking and convenient access to the Loop 303, Northern Parkway and Interstate 10.”