Photo submitted to Glendale Independent
By Steve Stockmar | Glendale Independent
Even in a year fraught with coronavirus, construction tax revenue is surging in Glendale, and got another big boost Dec. 22.
A 74-acre industrial development site along the Loop 303 corridor was sold with plans to bring a new Class A industrial project known as Commerce @ 303 to the tune of more than 1 million square feet of space.
The parcel, at the northeast corner of Camelback and Alsup roads, went for $14.4 million to New York Life Real Estate Investors, on behalf of an institutional client, and fellow San Francisco-headquartered SteelWave, a full-service commercial, multifamily and mixed-use real estate management, operating company and investment management firm.
