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Barclay Group and W.M. Grace Companies Start Work on 350k sf Spec AZ Industrial Project

9/30/20

Barclay Group and W.M. Grace Companies have broken ground on 303 Logistics, a speculative, 349.7k sf Class A industrial building in Glendale, AZ. Situated at the southwest corner of the Loop 303 and Glendale Ave, the building is part of the Loop 303 corridor, one of the fastest-growing industrial corridors in the nation.

“303 Logistics was designed with the infrastructure and amenities to support the market’s most active industrial users, including e-commerce, third-party logistics, manufacturing and food and beverage,” said Barclay Group Executive Vice President Colby Fincham.

When complete, the 303 Logistics cross-dock facility will offer modern amenities including 36’ clear height, 75 dock-high and four grade-level doors, 52’ x 50’ column spacing to accommodate state-of-the-art automated equipment, clerestory windows to maximize natural light, R-30 roof insulation and an ESFR sprinkler system.

Logistically, the site offers reinforced concrete truck courts, 89 trailer parking spaces and is expandable to 297 auto parking spaces on a fully gated and secure site. It is immediately accessible to the Loop 303 via a full-diamond interchange at Glendale Ave. It is 30 minutes from Sky Harbor International Airport and two minutes from both I-10 and the new Northern Pkwy, a four-lane I-10 reliever expressway providing workforce connectivity between the Loop 303, Central Phoenix and Glendale.

The project will be Foreign Trade Zone capable, offering up to 72% reduction in both real and personal (equipment) property tax, duty deferral or elimination, and reduced customs reporting entries. Tenants at 303 Logistics can reach Southern California’s Inland Empire in less than four hours and the ports of Los Angeles and Long Beach in approximately five to six hours.

“These are exceptional advantages that make Phoenix’s West Valley one of the fastest and most attractive industrial submarkets in the nation. Loop 303 is expected to add approximately 35 million square feet of new industrial space over the next five to six years,” said Riley Gilbert from the Phoenix Office of JLL, who serves as the project’s leasing broker along with JLL colleagues Anthony Lydon and Marc Hertzberg.

Nearby corporate employers to 303 Logistics include UPS, XPO/Boeing, Ferrero, Ball Manufacturing, Sub-Zero and REI.

Construction begins immediately on 303 Logistics, with completion anticipated by Q2 2021. The general contractor for the project is The Renaissance Companies. The architect is Butler Design Group.





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