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| Kelly Royle |
GLENDALE, AZ – Boutique commercial real estate company IndiCap continues its formidable metro Phoenix industrial development push with the announcement of Virgin Industrial Park, which it will develop in partnership with Invesco.
At build-out, the two-phase, 110-acre Class A
development will total more than 1.5 million square feet in five buildings.
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| Jason Kuckler |
It will also bring IndiCap’s local industrial development pipeline to more than 14.4 million square feet and over 880 acres.
JLL Senior Managing Director Marc Hertzberg,
Executive Vice President John Lydon and Associate Kelly Royle are
the project’s exclusive leasing brokers.
“The West Valley has experienced tremendous growth, but even with that growth, almost 70 percent of its population still commutes to other parts of Maricopa County for work,” said Hertzberg.
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| Marc Hertzberg |
Virgin Industrial Park is located on the
northwest corner of Olive and Reems Roads in Glendale, Arizona.
The project sits within the nationally
recognized Loop 303 industrial corridor and 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.
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| John Lydon |
“We knew that our Phoenix footprint would grow
quickly following our market entry earlier this year,” said Jason Kuckler,
one of the principals at IndiCap.
“We couldn’t be more pleased with the
announcement of our first three, very strategically located projects, and are
grateful for the support we’ve received from local municipalities.
"This kind of collaboration is crucial to
ensuring that we’re bringing the best possible buildings, jobs and economic
opportunities to our project communities – and to future communities as we
continue to grow our presence in the Valley.”
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| Rendering of planned Virgin Industrial Park, Glendale, AZ |
CONTACT:
Stacey Hershauer
Phone: +1 480 600
0195
Email: stacey@focusaz.com
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