National developer wants to build a nearly 1 million-square-foot industrial facility in Glendale

National developer wants to build a nearly 1 million-square-foot industrial facility in Glendale

Article originally posted by: Phoenix Business Journal on January 13th 2022.
 
 
 

Over the next few years, the area around the Loop 303 and Luke Air Force Base in Glendale could transform into the industrial and job corridor the city has envisioned.

While there’s still a lot of vacant land, dozens of industrial buildings are being proposed to fill in the remaining agricultural and dirt parcels as the city continues annexing land for industrial projects.

According to the city, Glendale has completed 17 annexations with 3,875 acres, mostly around the Loop 303, since 2015. This fiscal year, the city expects to approve six active annexations comprised of 736 acres, the city said in December.

Glendale also said that at least 22 industrial buildings were in the foundation stage or greater and that most of the buildings have one or more future tenants lined up. Six of those buildings are completed.

Here are the details about some of the new facilities totaling nearly 2 million square feet that have been proposed for the city within the Woolf Logistics Center, a 1,340-acre industrial park that houses Red Bull and Mark Anthony Brewing:

Ryan at Woolf Logistics

Minneapolis-based Ryan Cos. recently purchased 53 acres for an industrial facility within the Woolf Logistics Center.

The buildings will be located at the northeast corner of Reems Road and Olive Avenue adjacent to where Mark Anthony could build an additional facility.

The Ryan Cos. facility will be comprised of two speculative buildings that are 386,958 and 519,167 square feet in size. It also has the option to combine into more than 1 million square feet, according to Ryan Cos.

Josh Tracy, vice president of real estate development for Ryan Cos., said they have been watching what's developed in the Loop 303 corridor and feel it's a "fantastic story of success" for Goodyear and Glendale.

"We've seen building after building, ones that have been built spec have leased ... there's been a lot of build-to-suits," Tracy said. "That coupled with the infrastructure really getting figured out has created this explosive growth in the corridor."

The company liked the idea of building at the Woolf Logistics Center since it's an established park with other corporate neighbors close by, Tracy added.

Construction could start in June, while the facility is expected to be completed by summer of 2023. Features of the building include cross-dock, 40-foot clear height, concrete truck courts, 3,000 amps of power, trailer stall and parking and rail capable.

Brian Gleason, Bonnie Halley, Melissa Marks and Danny Schuster of Colliers International represented Ryan Cos. in the land sale and will handle leasing for the project. Ryan Cos. is the developer, contractor and architect.

Peoria and Reems

In 2021, LGE Design Group submitted an application for two industrial buildings also within the Woolf Logistics Center.

Site plans call for a 220,240-square-foot and 455,968-square-foot building in the project, dubbed Peoria and Reems.

The project will be located north of Hatcher Road between Reems Road and Litchfield Road. It will sit just north of the Ryan Cos. project. Site plans say Echo Park 303 LLC, which purchased the 40 acres for $7.5 million last year, is proposing the development.

On a land parcel north of the Echo development, Merit Partners Inc. purchased about 22 acres for a proposed 364,700-square-foot distribution facility that will be rail served by BNSF. Called Merit Woolf Logistics Center, the building will be located at Peoria and 151st avenues.

Mark Krison and Luke Krison of CBRE Group Inc. are handling leasing for the Merit project.

In the past month, Leyton Woolf also sold off 420 acres to LXP Industrial Trust within the center. The site will be developed by Merit Partners and could see up to 7.5 million square feet of industrial space built.

The Red Bull, Ball Corp. and Raüch Fruit Juices facility at the north end of the industrial park also has plans to expand by an additional 460,000 square feet, which will bring the total size of the manufacturing facility to 1.1 million square feet.

 
 
 
Find the complete article here: https://www.bizjournals.com/phoenix/news/2022/01/13/glendale-industrial-project-proposed.html