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| Rendering of planned 101 Logistics Park, Avondale, AZ |
PHOENIX, AZ – The Phoenix office JLL has completed a 40-acre land purchase that paves the way for 101 Logistics Park, a new two-building, Class A industrial regional distribution center being developed in Avondale, Arizona by Seefried Industrial Properties and Crow Holdings Capital Real Estate.
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| Marc Hertzberg |
JLL Managing Directors
Marc Hertzberg and Anthony Lydon, and Vice President Riley
Gilbert represented the developers in the land transaction and have been
named as the exclusive leasing brokers for 101 Logistics Park.
“The West Valley
industrial market is absorbing space at a rapid pace, and that creates an
ongoing need for new space solutions,” said Hertzberg. “The 101 Logistics Park
checks all of the boxes for this space and the large quantity of tenants
looking to expand or relocate, including many mid-bay users.”
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| Anthony Lydon |
According to JLL’s Q1
Phoenix Industrial Report, the Valley continues to experience positive
fundamentals and record delivery, but currently lacks new product in the
mid-bay sector of 50,000 to 200,000 square feet.
In the
past 18 months, this sector has recorded more than 5 million square feet of
gross leasing activity.
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| Riley Gilbert |
“With the rising
demand of industrial and e-commerce related uses as well as the strong
population growth in the Southwest Valley, 101 Logistics Park has been designed
to accommodate the demands of these users and is strategically located to
service both the current and future population base,” said Seefried Industrial
Properties Senior Vice President Robert Guerena.
“Our
partner, Crow Holdings Capital Real Estate, recognized the same and we are
excited to be working on another venture with them.”
Located at the
southwest corner of 101st Avenue and Roosevelt Street, 101
Logistics Park will total 652,146 square feet in two buildings, the first
240,844 square feet and the second 411,302 square feet.
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| Robert Guerena |
Buildings at 101
Logistics Park will feature 32- to 36-foot clear heights, generous full
concrete truck courts and a total of 155 dock high doors, 12 grade level doors,
534 auto parking stalls and 107 trailer parking stalls on a secure fenced site.
It will have eight points of ingress and
egress and is minutes from the Interstate 10/Loop 101 stack, offering proximity
to a population of two million within a 30-minute drive.
The 101 Logistics Park
is slated for completion during the first quarter of 2020.
CONTACT:
Stacey
Hershauer
Phone: +1
480 600 0195
Email: stacey@focusaz.com
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