Axle on Demand signs pre-lease in industrial 303 Corridor
Special to Independent Newsmedia
Posted 6/6/23
Echo Park 303, a two-building, modern industrial facility in Glendale near the intersection of Northern Parkway and Reems Road, has added a new tenant.
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Echo Park 303, a two-building, modern industrial facility in Glendale near the intersection of Northern Parkway and Reems Road, has added a new tenant.
Logistics specialist Axle on Demand signed a 126,075-square-foot pre-lease with the Phoenix Office of JLL.
The transaction represents Axle on Demand’s sixth metro Phoenix location and fills more than half of Echo Park 303’s Building A almost four months before the anticipated completion of the Class A industrial project.
Echo Park 303 is developer Echo Real Estate Capital’s first metro Phoenix industrial development. The 676,336-square-foot project totals two buildings on approximately 40 acres at 9501 and 9701 N. 151st Ave.
It is located within Woolf Logistics Center, minutes from the Loop 303 and Northern Parkway.
“We are huge proponents of the Phoenix market and excited to be nearing completion on our first industrial development here,” Echo Real Estate Capital Principal Jon Boyajian shared in a statement. “We are equally pleased to welcome Axle on Demand, who like us is looking to grow in this strategic industrial hub. Signing this pre-lease months before project completion has us optimistic for the future of Echo Park 303 and the tenant synergy we will create here.”
With its new lease, Axle on Demand will occupy approximately 55% of Echo Park 303’s Building A, which it will use for third party logistics services spanning warehousing, fulfilment and IT operations. Building A totals 220,240 square feet with a rear-load configuration. It features 32’ clear height, 135’ secured concrete truck court, 3,000 amps of power and 3,100-square-foot spec office suite.
Also under construction is Echo Park 303 Building B, a 455,936-square-foot, Class A cross-dock warehouse featuring 40’ clear height, 185’ secured concrete truck court, 6,000 amps of power and 3,850-square-foot spec office suite. Building B is available for a single tenant or divisible to 225,000 square feet for multi-tenant use. Both buildings are slated for completion in September.
Additional features at Echo Park 303 include 163 dock-high and six grade-level doors, 743 parking spaces and 120 trailer spaces in gated yards, electric vehicle charging stations, two-story storefront windows, 60’ speed bays, 7” reinforced slab, ESFR fire sprinklers and PAD zoning.
