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Lincoln Property Co. begins Park303 Phase 2

BY GLENDALE STAR STAFF

The southwest arm of Dallas-based Lincoln Property Co. has kicked off construction of Park303 Phase 2 in Glendale.

The new phase will bring nearly 2.5 million square feet in three new industrial buildings fronting the Loop 303.

Park303 Phase I was sold in September 2021 to BentallGreenOak for $186 million, marking Arizona’s highest single-building industrial sale price. The project was developed as two Class A industrial buildings that were later combined to create a 1.25 million-square-foot facility supporting a full-building, long-term lease by Walmart.

Phase 2 brings LPC Desert West to a record high of almost 7 million square feet under development or construction in the Arizona, Nevada, Utah and New Mexico region.

“This is a very exciting time to develop industrial space in metro Phoenix, with demand high in all sectors,” said David Krumwiede, Lincoln Property Co. senior executive vice president.

“Owners and tenants want cutting-edge product, and we are building at Park303 and across our portfolio to exceed those expectations. We are pushing the bounds of technology and amenities to accommodate not only present but also future logistics needs.”

The three-building Park303 Phase 2 includes building A, totaling 629,835 square feet on almost 38 acres; building B, totaling 483,300 square feet on just over 30 acres; and building C, totaling almost 1.26 million square feet on approximately 72 acres.

Like Park303 Phase I, buildings A and B are designed to quickly convert from two standalone buildings into one larger, 1.2 million-square-foot facility (with 104,052 square feet of infi ll space) to meet the needs of a major single user.

Phase 2 building amenities include 40-foot clear height, touchless technology throughout, 25-foot-tall glass entries, 3,000 amps of power (expandable), 7-foot slabs over 4 inches of crushed rock, and steel moment frame shear bracing that allows for highly modern, automated racking and picking equipment.

Phase 2 buildings will also include generous 5-foot-by-10-foot clerestory windows on all elevations, which provide access to sky views and shifting natural light, shown to increase productivity and mental focus.

“One of the more unique elements of our Park303 buildings is their amenities — lifestyle spaces designed specifi cally for employees, with features that you only typically fi nd in Class A offi ce projects,” said John Orsak, Lincoln Property Co. vice president.

“Supply chain and logistics talent are extremely sought after in metro Phoenix, and these spaces are set apart for their ability to attract, accommodate and retain top talent. They allow companies to show their appreciation for their teams by making the workday more comfortable and enjoyable.”

Indoor/outdoor amenities at Park303 Phase 2 include a basketball/pickleball court, barbecue station, shaded outdoor eating area and employee collaboration spaces.

Collectively, the Phase 2 buildings will provide 430 dock doors, 778 trailer stalls and more than 1,556 parking stalls (all expandable). Both buildings are also foreign trade zone capable.

At buildout, the Park303 master-planned industrial park will span 210 acres, with the capacity to support nearly 4 million square feet of Class A industrial development.

Park303 offers freeway signage opportunities and ingress and egress via two full-diamond freeway interchanges. It also sits within Glendale’s New Frontier District and is 1 mile from the Northern Parkway, a 12.5-mile, high-capacity roadway providing rapid connection between the Loop 303 and US 60/Grand Avenue. The connection offers expedited distribution routes and allows employees to avoid common rush hour traffi c delays on Interstate 10.

Corporate neighbors to Park303 include Boeing, Microsoft, White Claw, XPO Logistics, UPS, REI, SubZero, Daimler-Benz, Red Bull, Ball Corporation, Aldi and Williams Sonoma, as well as hundreds of new residential homes.

Corporate neighbors to Park303 include Boeing, Microsoft, White Claw, XPO Logistics, UPS, REI, SubZero, Daimler-Benz, Red Bull, Ball Corporation, Aldi and Williams Sonoma, as well as hundreds of new residential homes. (Photo courtesy of Lincoln Property Co.)

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