Phoenix Loop 303 park fully leased
A third‑party logistics operator has taken the last building in a prime Glendale industrial park along Loop 303, underscoring tenant demand in high‑growth Sun Belt corridors. The move highlights competitive pressure from newer markets as occupiers chase scale and lower rents. (x.com)
Lincoln Property Company announced a full‑building, 629,835‑square‑foot lease of Park303 Building A, bringing the 210‑acre, 3.75‑million‑square‑foot, LEED‑certified Park303 campus in Glendale to 100% occupancy. (lpc.com) The tenant will use Building A to service a Fortune‑250 client; the facility at 16500 NW Glendale Ave. entered service in 2023 and features 40‑foot clear heights and up to 12,000 amps of power. (commercialsearch.com) JLL brokers Marc Hertzberg, Kelly Royle, Charlotte Elstob and Dan McGillicuddy represented the tenant in the transaction. (commercialsearch.com) Park303’s Phase 1 is a single 1.25‑million‑square‑foot building long‑term leased to Walmart and was sold to BentallGreenOak for $186 million in 2021. (lpc.com) Lincoln’s latest signing follows an earlier Park303 Phase 2 full‑building commitment by Logisticus Group for 483,300 square feet announced in January 2025, showing a pattern of 3PLs taking entire Class‑A buildings in the campus. (arizcc.com) The Glendale/Loop 303 corridor’s pipeline includes the 1.2‑million‑square‑foot Base campus (Phase I opened in 2025), EQT/BPR’s Commerce 303 cross‑dock (497,234 sf) that broke ground in March 2026, VanTrust’s VT303 North (1.1 million sf planned) and the leased Reems Ranch/Latitude 303 projects—illustrating immediate nearby new supply competing for large logistics occupiers. (hoodline.com) The deal reinforces a Loop 303 leasing pattern for contiguous blocks in the ~480k–630k+‑square‑foot range and the market preference for high‑power, 40‑foot‑clear, Class‑A specs tailored to 3PLs and Fortune‑class fulfillment mandates. (lpc.com)
