|
|
3/26/26
|
An unnamed, global 3PL provider has signed a full-building, 629.8k sf lease at Park303 in Glendale, AZ. The commitment brings the 210-acre, 3.75 msf, LEED Certified industrial project to fully leased.
The new tenant will lease all of Park303 Building A, using its new space to service a Fortune 250 client.
Located along the Loop 303 at Glendale Ave in Glendale, Park303 includes a 1.25 msf, single-building Phase 1 and a 2.5 msf, three-building Phase 2.
Phase 1 is fully occupied under a long-term lease by Walmart and was purchased by BentallGreenOak in 2021 for $186 mil, marking the highest single-building industrial sale price in Arizona history.
Phase 2 is now also fully occupied, with Logisticus Group LLC leasing the entire 483.3k sf Building B, and Building C having sold in October 2025 to Dollar Tree for $147 mil. Dollar Tree will fully occupy Building C, using the space for the company’s first regional distribution facility in metro Phoenix.
Park303 follows Lincoln’s “creative industrial” approach to Class A industrial development, incorporating expanded amenities often only found in office buildings. At Park303, this includes high-end speculative office space, an outdoor pickleball and basketball court, and an outdoor entertainment area with gourmet barbeques, overhead fans and seating designed for employee comfort.
This expanded amenity package adds to Park303’s market-leading, LEED-Certified buildings, where features include 40’ clear height, 25’ tall glass entries, up to 12,000 amps of power, 7” slabs over 4” of crushed rock, and steel moment frame shear bracing supporting highly modern, automated racking and picking equipment.
Building interiors are bordered with 5’ x 10’ clerestory windows, providing employees with access to sky views and natural light. Together, the buildings offer 430 dock doors, 778 trailer stalls and more than 1,556 parking stalls.
The logistics campus is situated between two full-diamond Loop 303 Fwy interchanges, creating quick access to nearby Interstates 10 and 17, and Northern Parkway. The project is also Foreign Trade Zone-capable, able to reach more than 33 million consumers within a one-day truck haul.
At Park303, the new Building A tenant was represented in its lease by Marc Hertzberg, Kelly Royle, Charlotte Elstob and Dan McGillicuddy from JLL. Lincoln serves as the property manager and leasing agent for Park303.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
