LBA Logistics, a Southern California based national vertically integrated real estate company focused on the ownership and operation of industrial buildings, recently bought Echo Park 303 – Building A, a newly built 220,240-square-foot Class A industrial building on 13.7 acres in Glendale

Cushman & Wakefield has advised the sale. Situated in the Loop 303 industrial corridor and Southwest Valley submarket, the freestanding building at 9701 N. 151st Ave. is 100% leased to HubStarr Logistics.

The asset is part of a larger 38.6-acre industrial business park that includes a second Class A building featuring 455,936 square feet.

The seller was Echo Real Estate Capital, Inc. in a joint venture with Grandview Partners—both full-service real estate investment firms. The project was designed by LGE Design Build.

Cushman & Wakefield’s Will Strong, Molly Hunt, Michael Matchett, Madeline Warren and Jack Stamets of the firm’s National Industrial Advisory Group—Mountain West represented the seller.

“This is a top-tier industrial asset with strong institutional appeal, thanks to its long-term single tenancy and solid stability. Plus, being in a prime market alongside major global companies, it’s well-positioned for continued value growth—making it a great addition to the buyer’s expanding industrial portfolio,” said Will Strong, executive vice chair.

In Cushman & Wakefield’s fourth quarter 2024 market report, the Southwest Valley recorded a substantial 12.8 million square feet of occupancy growth in 2024, outperforming all other submarkets in Phoenix Metro by a wide margin.

“The Southwest Valley is seeing a surge in demand for warehouse and logistics space, thanks to its prime location near major transportation hubs. Plus, with the Southern California ports just a six-hour drive away, it’s an ideal spot for companies looking to streamline distribution and logistics,” said Molly Hunt, senior associate.