Business & Investment

Glendale, Arizona Greenlights 2 Industrial Project

Aerial view of Parkway 303 West site. Images via Google Earth

In a unanimous vote on November 23, the Glendale City Council of Arizona agreed to approve the merger and rezoning of two new industrial projects, Organics Loop 303 and Parkway 303 West, for a total of 337 acres. Phoenix Business Journal..

When completed, the new development will provide a total of approximately 4.3 million square feet of manufacturing, warehouse and distribution space along the flowering Loop 303 Corridor in the Phoenix metropolitan area.

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Russell Organics LLC and Roth Development Corp. form the development team behind Organics Loop 303. According to city council documents, the partner is W. Requested 75 acres of vacant lot on the southwest corner of Bethany Home Road and N. Sarival Road. Used in agriculture, attached to and rezoning planned regional development to accommodate the project.

“By annexing about 75 acres of vacant land to the city’s boundaries, the city can determine the type of land use, influence the type and quality of development, and provide employment opportunities to the community,” said the city council. Wrote in the October 2021 report.

The zoning changes pave the way for the creation of Organics Loop 303 with two buildings totaling approximately 850,000 square feet. The project was designed by the Butler Design Group and has an estimated cost of approximately $ 113.8 million, according to a financial impact study.

The city council also approved the merger of 262 acres on Parkway 303 West, a multi-structured project of Suburban Land Reserve Inc. on the southeastern corner of Cotton Lane and Peoria Avenue. In addition to 85,000 square feet of commercial space and 20 acres of Arizona public service substation, the project will be converted to planned area development to accommodate approximately 3.3 million square feet of manufacturing and warehouse space.

In the October 2021 report on the project, the city council wrote: Long term. “

According to the preliminary financial analysis mentioned above, a significant industrial segment of Parkway 303 West will cost an estimated $ 449 million to complete.

Corridor details

Organics Loop 303 and Parkway 303 West are in their infancy, but other industrial projects are appearing everywhere along Loop 303. According to a report by NAI Horizon in the third quarter of 2021, “On the west side of the valley, the Loop 303 highway has become a global center of development, with last-minute mass industrial deliveries.”

CRG, the development arm of Bird Dog Industrial and Clayco, Cube development in Glendale, A 5.5 million square foot project that began construction earlier this year.Hines Released G303Approximately 1.3 million square feet of speculative industrial park, the entire area reaches Healthcare, Arizona during the summer.And just two weeks ago in mid-November, CA Industrial Construction started in the first phase The entire four buildings of the Lou Logistics Center will eventually have 1.5 million square feet.

Glendale, Arizona Greenlights 2 Industrial Project Glendale, Arizona Greenlights 2 Industrial Project

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