AZRE | AZBigMedia
NAIOP Arizona Owner/Developer of the Year Lincoln Property Company (LPC) joined with local dignitaries and guests today to break ground on the first building at Park303, a major industrial master-planned development that at build-out will accommodate up to 4.5 million square feet of ultra-modern, freeway-fronting Class A industrial space in Glendale, Arizona.
Phase I of Park303 will sit on 71.5 acres between the Loop 303 freeway and Sarival Road, north of Bethany Home Road and south of Glendale Avenue. The $115 million development will support two buildings totaling 705,531 square feet and 488,995 square feet, or can combine into a single building totaling more than 1.25 million square feet.
“Park303 rivals the most contemporary industrial space in the Western U.S. while also offering the greatest flexibility in one of the hottest industrial locations in the U.S.,” said Lincoln Property Company Executive Vice President David Krumwiede. “It gives industrial users space that can be customized quickly from two buildings into one, allowing it to support multiple tenants or quickly adjust to support a single, major tenant requirement. It is an exceptional product in an exceptional location.”