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Construction has started on a new industrial logistics park situated in the heart of Glendale’s Loop 303 corridor.
Phoenix-based real estate development firm Merit Partners, along with First Industrial Realty Trust and Diamond Realty Investments, broke ground on Phase One of C|303, a Class A modern industrial logistics park, Merit announced Wednesday.
C|303 will occupy a substantial one full mile of freeway frontage on the Loop 303 in Glendale.
Phase One of C|303 spans almost 113 acres and more than 1.75 million square feet at the northwest corner of Loop 303 and Camelback Road. Construction on Phase One begins this month and includes three buildings totaling 375,660 square feet (Building A), 420,536 square feet (Building B) and 958,847 square feet (Building C).
Building C is slated for completion by July 2023, with the other two buildings expected to be completed by September 2023.
“Requirements for industrial space have become increasingly sophisticated, but C|303 has anticipated those needs,” Merit Partners President Kevin Czerwinski shared in a statement. “Its diversity of buildings and connectivity will support cutting-edge logistics and supply chain users. These are exciting opportunities in the Loop 303 corridor that underscore the depth and breadth of our market.”
C|303 Phase Two will offer an additional 1.4 million square feet of future speculative development, or is available now for build-to-suit opportunities.
Stevens-Leinweber Construction serves as the Phase One general contractor. Butler Design Group is the Phase One architect.
The C|303 logistics park is served by full-diamond Loop 303 interchanges at Camelback and Bethany Home roads. It is four miles from Interstate 10 and two-and-a-half miles from Northern Parkway, an I-10 reliever expressway providing workforce connectivity between the Loop 303, Central Phoenix and Glendale.
C|303 tenants will have access to more than 5 million residents within 30 minutes.
The site is Foreign Trade Zone capable, sitting within a hub of corporate users including Best Buy, Dick’s Sporting Goods, Mlily, REI, Sub-Zero, UPS, White Claw, Williams Sonoma and XPO Logistics.
With these advantages, JLL projects the Loop 303 corridor to grow to more than 50 million square feet of industrial space within the next five years, supported by sectors including e-commerce, manufacturing, food and beverage, and third-party logistics.
The New Frontier District is Glendale’s emergent area for development providing new industrial, office and retail opportunities for Glendale and the West Valley. This district is more than 23-square miles.
