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7/27/22
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IndiCap and Invesco have teamed up to develop Virgin Industrial Park, a two-phase, 110-acre Class A development in Glendale, AZ that will total more than 1.5 msf of space in five buildings. The project will bring IndiCap’s local industrial development pipeline to more than 14.4 msf and over 880 acres.
Virgin Industrial Park is located on the northwest corner of Olive and Reems Roads in Glendale, within the nationally recognized Loop 303 industrial corridor. It is immediately north of Northern Parkway, a 12.5-mile expressway connecting the Loop 303 and US 60, offering a traffic reliever to nearby Interstate 10.
Virgin Industrial Park will be developed in two phases. Phase I will include three buildings totaling 566.1k sf, 245k sf and 213.8k sf. Phase II will include two buildings totaling 297.4k sf and 235k sf.
The project will offer a total of 263 dock doors, 20 grade level doors, 60’ to 70’ speed bays, up to 60’ x 60’ column spacing, and ESFR sprinkler systems. Buildings will also feature 32’ to 36’ clear height, 3,000 amps of power, secured truck courts and parking for more than 2,200 autos and 167 trailers.
Virgin Industrial Park is located directly west of the Ball, Red Bull and White Claw industrial buildings, and is just a few miles north of corporate industrial neighbors such as Nestle, Williams Sonoma, Walmart, MLILY, Puma, REI and XPO Logistics.
Construction on Phase I of Virgin Industrial Park begins November 2022, with completion expected by December 2023. Completion of Phase II is anticipated by Q1 2024. Graycor Construction Company has been selected as the project’s general contractor. Deutsch Architecture Group is the project architect.
Marc Hertzberg, John Lydon and Kelly Royle with JLL are the project’s exclusive leasing brokers. According to Hertzberg, the West Valley has experienced tremendous growth, but even with that growth, almost 70% of its population still commutes to other parts of Maricopa County for work.
Virgin Industrial Park joins two other major IndiCap developments in metro Phoenix: The 1.6 msf, 113-acre Eastmark Center of Industry, being developed along the Loop 202 in Mesa with AECOM-Canyon Partners, and the 4.1 msf, 292-acre The Ranch, being developed in Gilbert with Colmena Group. Formed by real estate industry veterans Mike Chernine and Jason Kuckler, the IndiCap development team brings over 100 years of collective experience to the Arizona and Nevada real estate markets.
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