Glendale adds 1.5M-square-foot industrial park near Loop 303
Jul 27, 2022, 11:38 AM
PHOENIX – Another large-scale business development is going up in Glendale, with construction on Virgin Industrial Park to begin in the fall, executives announced Tuesday.
The West Valley project from IndiCap, a Phoenix development group, will take up more than 1.5 million square feet at Olive Avenue near Loop 303.
“We knew that our Phoenix footprint would grow quickly following our market entry earlier this year,” IndiCap’s Jason Kuckler said in a press release.
The five-building property will be assembled in two phases, starting with three structures to be finished by December 2023, IndiCap said.
The largest building of the first phase will be 566,121 square feet; the biggest building in the second phase will top out at 297,439 square feet, with completion of the final phase targeted for the first quarter of 2024.
The warehouses will feature secured truck courts, speed bays and 263 dock doors.
IndiCap entered the Arizona market in April when it bought 113 acres of land near Phoenix-Mesa Gateway Airport.
The Nevada-based company’s Glendale project is the latest big-operation industrial development agreement for the Loop 303 corridor.
In May, LPC Desert West announced plans for a 2.3 million-square-foot facility near Luke Air Force Base. Construction on Luke Field at Northern Avenue and Litchfield Road is scheduled to being later this year.
Not too far away, the second phase of the 2.5-million-square-foot Park303 project near Loop 303 and Glendale Avenue got underway in March.
Red Bull, Ball Corp. and Rauch Fruit opened a 700,000-square-foot manufacturing facility in 2021 nearby at Peoria Avenue and Reems Road and plans to expand.
Other neighbors include Nestle, Williams Sonoma and White Claw.