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Echo, Grandview Partners Building 676K SF Glendale Industrial Project
The Northern Parkway Logistics Center will be situated in Glendale along the Loop 303, about 30 miles from downtown Phoenix. The surrounding area includes projects developed by White Claw, RedBull, Amazon and Microsoft, among others.
Echo Real Estate Capital, in a joint venture with Grandview Partners, has received $53.6 million in construction financing for the 676,169 square foot development. A Cushman & Wakefield team led by Rob Rubano worked to secure a $53.6 million construction loan for the project. The loan was provided by PCCP. LGE Design Build is the project’s general contractor. The project is anticipated to reach completion this fall.
Situated on 38.6 acres, the Northern Parkway Logistics Center will encompass a 220,240-square-foot multi-tenant, rear-load building and a 455,935-square-foot cross-dock warehouse. The Class A facility will feature 32- and 40-foot clear heights and will include loading and trailer parking, concrete truck courts and will be fully gated.
