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16400 W Glendale Ave, Litchfield Park, AZ 16500 W Glendale Ave, Litchfield Park, AZ
Park 303 - Buildings A & B
Asset ClassIndustrial
Two Newly Constructed Trophy Industrial Buildings Totaling ±1.1 MSF | 100% Leased to 2 Tenants - Anchored by 10-Year Lease to DHL | Direct Loop 303 Frontage
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the extraordinary opportunity to acquire Park 303 – Buildings A & B (the “Property” or “Project”), a premier two-building industrial offering totaling ±1,113,135 SF within the renowned Park 303 master-planned logistics campus. Strategically positioned with direct frontage and immediate access to Loop 303, the Property provides unparalleled regional connectivity to Northern Parkway, I-10, and Loop 101. These exceptional site characteristics, combined with its high-velocity design, establish Park 303 as one of the most competitive and best-in-class industrial parks in the Southwest.

 

Park 303 is anchored by Building A, a ±629,835 SF facility fully leased to Exel Inc. d/b/a DHL Supply Chain with 10.5 years of remaining lease term. The lease includes a full corporate parent guaranty by its global parent company, Deutsche Post DHL Group. This institutional-grade backing provides an investor with superior credit security and long-term income stability from one of the world’s premier logistics providers.

Building B is a ±483,300 SF facility leased to Logisticus Projects Group LLC with 1.7 years of remaining term. This shorter-term lease duration provides a unique opportunity for significant near-term upside, allowing an investor to mark rents to market in a pristine, Class-A asset. Strategically located within one of the Southwest’s most sought-after logistics corridors, Building B offers a “best-in-class” solution for users seeking high-velocity distribution space in a core Phoenix submarket.

 

Designed to meet the rigorous demands of modern logistics, both buildings feature institutional-grade specifications, including 40’ clear heights, ESFR sprinklers, 70’ speed bays, and robust power infrastructure complemented by expansive 140’ truck courts and dedicated trailer parking. This ±1.1 million-square-foot offering is a flagship component of Park 303—a ±210-acre, ±3.75 million-square-foot master-planned campus developed by Lincoln Property Company. The project’s institutional caliber is further evidenced by its best-in-class tenancy, including Walmart and Dollar Tree, whose significant commitments underscore the long-term viability and premier status of this Southwest logistics destination.

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16400 W Glendale AveLitchfield Park, AZ 85340

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