Echo Park 303 is slated for completion in 2023.
Echo Actual Property Capital has damaged floor on Echo Park 303, a two-building, 676,712-square-foot industrial venture in Glendale, Ariz. Designed and constructed by LGE Design Construct, the event marks the most recent addition to the Loop 303 hall within the West Valley of Phoenix. Supply is anticipated within the third quarter of 2023.
Upon completion, Echo Park 303 will characteristic a 455,936-square-foot facility and a second, 220,240-square-foot constructing, in addition to 28,000 sq. ft of Class A workplace area. The warehouses may have 40- and 32-foot clear heights, respectively. The property can even embrace 743 parking spots and gated yards for 150 trailer areas.
The venture takes form on 40 acres on the intersection of Northern Parkway and Reems Street, subsequent to the Luke Air Drive Base and 30 miles from downtown Phoenix. The event web site is roughly 3 miles from Loop 303, getting access to Interstate 10. Different industrial services and distribution facilities within the space embrace Crimson Bull, Chilly Summit and Mark Anthony Brewing.
Current Loop 303 industrial developments
In keeping with CommercialEdge information, Phoenix ranked second after Dallas when it comes to industrial pipeline measurement as of July. Developments totaled 45.2 million sq. ft, representing 15.6 p.c of inventory.
A number of tasks are underway throughout the Loop 303 industrial hall. In August, a three way partnership between Ryan Cos. and Westcore Properties broke floor on Hatcher Industrial, a enterprise park totaling 901,125 sq. ft in Glendale, Ariz., with Western Alliance Financial institution offering a $61.6 million development mortgage.
Additionally in Glendale, IndiCap and Invesco plan a significant Class A industrial campus, totaling greater than 1.5 million sq. ft. Groundbreaking is slated in November 2022.
