CRG has offloaded Building B of the recognizable industrial project, The Cubes at Glendale. The building has more than 1.2 million square feet under one roof. Located along the 303 Corridor, the single-tenant facility is 100% leased to Amazon.

Cushman & Wakefield’s Will Strong, Michael Matchett, Molly Hunt, and Dean Wiley represented the seller in the disposition. The property was acquired by funds and accounts managed by BlackRock, who acquired the property for $128 million.

Currently The Cubes at Glendale features 4.8 million square feet on 335 acres of Class A industrial space with potential future phases. In 2022, CRG completed construction on Building A – a 1.2 MSF industrial building leased to Williams Sonoma and sold to LaSalle Investment Management; Building D – a 637,000 SF industrial building that sold to US Merchants; and Building E – a 570,080 SF Class A industrial warehouse building that sold to Fundrise in 2023.
 

CRG’s parent company, Clayco, served as the design-builder on the project, and its subsidiary, Lamar Johnson Collaborative, was the architect.