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6/08/23
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Axle on Demand has agreed to a 126.1k sf pre-lease at Echo Park 303 in Glendale, AZ. The transaction represents Axle on Demand’s sixth metro Phoenix location and fills more than half of Echo Park 303’s Building A almost four months before the anticipated completion of the Class A industrial project.
Echo Park 303 is being developed by Echo Real Estate Capital and represents the firm’s first metro Phoenix industrial development. The 676.3k sf project totals two buildings on approximately 40 acres at 9501 and 9701 N. 151st Ave. It is located within Woolf Logistics Center, minutes from the Loop 303 and Northern Parkway.
With its new lease, Axle on Demand will occupy approximately 55% of Echo Park 303’s Building A, which it will use for third party logistics services spanning warehousing, fulfilment and IT operations. Building A totals 220.2k sf with a rear-load configuration. It features 32’ clear height, 135’ secured concrete truck court, 3,000 amps of power and 3.1k sf spec office suite.
Anthony Lydon, John Lydon and Kelly Royle of JLL represented Echo Real Estate Capital in the pre-lease transaction. John Grady with CBRE repped Axle on Demand.
Also under construction is Echo Park 303 Building B, a 455.9k sf, Class A cross-dock warehouse featuring 40’ clear height, 185’ secured concrete truck court, 6,000 amps of power and 3.9k sf spec office suite. Building B is available for a single tenant or divisible to 225k sf for multi-tenant use. Both buildings are slated for completion in September 2023.
Additional features at Echo Park 303 include 163 dock-high and six grade-level doors, 743 parking spaces and 120 trailer spaces in gated yards, electric vehicle charging stations, two-story storefront windows, 60’ speed bays, 7” reinforced slab, ESFR fire sprinklers and PAD zoning.
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