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Photo by Pete Pallagi
From left: Vice Mayor Ray Malnar - City of Glendale; Councilmember Joyce Clark - City of Glendale; Sintra Hoffman - President and CEO, WESTMARC; Mayor Jerry Weiers - City of Glendale; Paul Hughes - Executive Vice President Business Development, Arizona Commerce Authority; David Krumwiede - Executive Vice President, Lincoln Property Company; Councilmember Bart Turner - City of Glendale.
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GLENDALE, AZ -- NAIOP Arizona
Owner/Developer of the Year Lincoln
Property Company (LPC) joined with local dignitaries
and guests today to break ground on the first building at Park303, a major
industrial master-planned development that at build-out will accommodate up to
4.5 million square feet of ultra-modern, freeway-fronting Class A industrial
space in Glendale, Arizona.
Phase I of Park303
will sit on 71.5 acres between the Loop 303 freeway and Sarival Road, north of
Bethany Home Road and south of Glendale Avenue.
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| David Krumwiede |
The $115 million
development will support two buildings totaling 705,531 square feet and 488,995
square feet, or can combine into a single building totaling more than 1.25
million square feet.
“Park303 rivals the
most contemporary industrial space in the Western U.S. while also offering the
greatest flexibility in one of the hottest industrial locations in the U.S.,”
said Lincoln Property Company Executive Vice President David Krumwiede.
“It gives industrial users space that can be customized
quickly from two buildings into one, allowing it to support multiple tenants or
quickly adjust to support a single, major tenant requirement. It is an
exceptional product in an exceptional location.”
“We
are honored to have NAIOP’s Developer of the Year investing in Glendale in such
a significant way,” said Glendale Mayor Jerry Weiers. “Lincoln has a
superb reputation in the community and we look forward to welcoming top-level
tenants to these state-of-the-art facilities.”
Butler Design Group is the project architect for Park303
Phase I and Hunter Engineering is the civil engineer.
Willmeng Construction is the general contractor. Completion of Park303 Phase I is scheduled for completion during the fourth quarter of 2020.
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| Glendale, AZ Mayor Jerry Weiers |
Willmeng Construction is the general contractor. Completion of Park303 Phase I is scheduled for completion during the fourth quarter of 2020.
For lease or sale
inquiries on Park303, please contact David Krumwiede, John Orsak or Nick Nudo
at Lincoln Property Company, 602.912.8888.
Features of Park303
Phase I will include 40-foot clear height, steel moment frame shear bracing,
efficient LED lighting and 142 large clerestory glass windows to maximize
natural light.
The gated site provides full concrete truck courts, ample
truck parking, private drives and fully amenitized outdoor spaces with covered
canopies, seating and barbeques.
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| Rendering of Planned Park303, Glendale, AZ |
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