LGE Adding Another to the Loop 303 Corridor
Earlier this month, LGE Design Build, alongside developer Echo Real Estate Capital, broke ground on Echo Park 303, a two-building, modern industrial facility in Glendale, Ariz. This project will mark the latest addition to the flourishing Loop 303 corridor, in the West Valley of Phoenix, which is becoming one of the premiere industrial submarkets in the nation.
Situated on nearly 40 acres of land, just north of Luke Air Force Base, Echo Park 303 will feature a total of 676,000 square feet of best-in-class industrial product. Future tenants of the facility will enjoy easy access to major transportation thoroughfares as it sits near the intersection of Northern Parkway and Reems Rd., approximately three miles from Loop 303 and less than ten minutes from Interstate 10. It will be in the immediate proximity of distribution centers for major brands like Red Bull and Mark Anthony Brewing (White Claw and Mike’s Hard Lemonade), as well as Cold Summit, a large-scale cold storage facility, which sits directly across the street.
“It’s an exciting time to be building in Phoenix, especially in the West Valley,” said Blake Wells, director of preconstruction at LGE Design Build. “We are one of the leading markets in the nation when it comes to industrial projects like this one, and the incredible demand for the 303 corridor is a major reason for that.”
Upon completion, which is expected in Q3 of 2023, Echo Park 303 will be comprised of a 456,000-square-foot building and a smaller 220,000-square-foot one, with clear heights of 40 feet and 32 feet, respectively. Ample parking will be available as well, with 743 parking spaces and gated yards for nearly 150 trailer spaces, making it an ideal facility for companies looking to distribute their products across the Southwest.
In addition to the best-in-class industrial amenities, Echo Park 303 will boast more than 28,000 square feet of Class A office space. Highlighted by the signature modern architecture of LGE Design Group, these buildings will feature two stories of storefront window systems to allow for natural lighting in the lobbies and offices situated on the corners of the buildings. The windows will be complemented by the use of clean lines and open space of the modern exterior structure that will define the entrances, enhancing the overall aesthetics of the surrounding area.
“We are very excited about this project and to be working with Echo Real Estate Capital,” said Wells. “They have been amazing partners throughout the entire preconstruction process and we hope this project sets the foundation for many future collaborations between our two companies.”