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May 25, 2020
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Seefried Industrial Properties and Crow Holdings Capital Real Estate Buy 40 Acres in AZ for Development


Seefried Industrial Properties and Crow Holdings Capital Real Estate recently acquired 40 acres of land in Avondale, AZ. The site will be used for the development of 101 Logistics Park, a new two-building, Class A industrial regional distribution center.

Located at the southwest corner of 101st Ave and Roosevelt St, 101 Logistics Park will total 652.1k sf in two buildings, one of 240.8k sf and the other wih 411.3k sf of space. Together the project can accommodate multiple industrial users needing space from 40k sf to 411.3k sf.

Buildings at 101 Logistics Park will feature 32- to 36-foot clear heights, generous full concrete truck courts and a total of 155 dock high doors, 12 grade level doors, 534 auto parking stalls and 107 trailer parking stalls on a secure fenced site. It will have eight points of ingress and egress and is minutes from the Interstate 10/Loop 101 stack, offering proximity to a population of two million within a 30-minute drive.

Marc Hertzberg, Anthony Lydon and Riley Gilbert with JLL represented the buyers in the land transaction and have also been named as the exclusive leasing brokers for 101 Logistics Park, which is slated for completion during the first quarter of 2020.

“The West Valley industrial market is absorbing space at a rapid pace, and that creates an ongoing need for new space solutions,” said Hertzberg. “The 101 Logistics Park checks all of the boxes for this space and the large quantity of tenants looking to expand or relocate, including many mid-bay users.”

According to JLL’s Q1 Phoenix Industrial Report, the Valley continues to experience positive fundamentals and record delivery, but currently lacks new product in the mid-bay sector of 50k sf to 200k sf. In the past 18 months, this sector has recorded more than 5 msf of gross leasing activity.

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