A 196-acre land purchase made by a joint venture between Lincoln Property Company (LPC), Ken Roth/Roth Development Corporation and Scottsdale Investment Management LLC has expanded LPC’s just-announced Park303 industrial project into a major new master-planned, Loop 303-fronting industrial park in Glendale, Arizona.
With the additional land, the joint venture industrial park will span approximately 265 acres along the Loop 303 between Bethany Home Road and Glendale Avenue, with the ability to support almost 4.5 million square feet of new industrial construction.
“The Loop 303 has become one of the bright new opportunities for the Southwestern U.S. industrial market,” said Lincoln Property Company Executive Vice President David Krumwiede. “Our plans for Park303 have always been to bring the highest-quality, most innovative and efficient industrial space to the area. This expansion allows us to grow that vision into an even more significant destination, which is a proven formula for this location based on the success of other nearby projects.”