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Seefried, Crow Holdings Claim 40 Acres, Plan Logistics Park in Phoenix
Atlanta-based Seefried Industrial Properties and Dallas-based Crow Holdings Capital Real Estate acquired a 40-acre land site in Avondale, AZ where it plans to develop 101 Logistics Park. The two-building, Class A industrial regional distribution center is located at 101st Avenue and Roosevelt Street, and will total 652,146 square feet, the first building 240,844 square feet and the second 411,302 square feet.
JLL’s Marc Hertzberg, Anthony Lydon and Riley Gilbert represented the developers in the land transaction. The pair have been named as the exclusive leasing brokers for the project, which is slated for completion during Q1 2020.
“The West Valley industrial market is absorbing space at a rapid pace, and that creates an ongoing need for new space solutions,” said Hertzberg. “The 101 Logistics Park checks all of the boxes for this space and the large quantity of tenants looking to expand or relocate, including many mid-bay users.”
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