Echo Real Estate Completes 676 KSF Phoenix Campus
Echo Real Estate Capital has completed Echo Park 303, a 676,176-square-foot, two-building industrial park in Glendale, Ariz. JLL is in charge of leasing. LGE Design Build served as general contractor.
Last year, Echo obtained a $53.6 million construction loan for the development, which broke ground in September 2022. Pacific Coast Partners provided the funds.
The property is within the Loop 303 corridor. Building A, measuring 220,240 square feet, is fully leased to HubStarr Logistics. The building’s features include 56 dock-high loading doors, two drive-in doors, 32-foot clear heights and some 440 parking spaces.
The 455,936-square-foot Building B consists of 109 dock loading doors, four drive-in doors, 40-foot clear heights and 50- by 56-foot column spacing, as well as more than 305 spaces. Additionally, the campus comprises 150 trailer spaces.
The 40-acre park is at 9501 and 9701 N. 151st Ave., 5 miles from Phoenix-Goodyear Airport and has easy access to Interstate 10. Downtown Phoenix is less than 20 miles away, while Phoenix Sky Harbor International Airport is within 24 miles southeast.
Phoenix leads nation in industrial development
Phoenix led the nation for industrial development in February, a recent CommercialEdge industrial report shows. The metro had nearly 42.7 million square feet of industrial space underway, and also boasted the lowest vacancy rate among Western, clocking in at 3.2 percent.
This week, Martens Development Co. started construction on Brickyards on Ellsworth, a 909,553-square-foot in Mesa, Ariz. The eight-building campus is scheduled for completion in the second quarter of next year.
In February, Creation broke ground on Thunderbird Commerce Park, a 243,360-square-foot development in Scottsdale, Ariz. The $60 million project is anticipated to come online later this year.
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