Cushman & Wakefield’s National Industrial Advisory Group is pleased to present an exclusive opportunity to acquire Latitude 303 Logistics (“the Property” or “the Project”) located on the southeast corner of Loop 303 and Glendale Avenue, the most dynamic industrial corridor in Phoenix. This trophy project is 55.2% leased and includes two Class A industrial buildings totaling 906,607 SF. Latitude 303 Logistics presents an outstanding opportunity for exceptional value-creation through the lease-up of the remaining space.
The Property includes state-of-the-art features that fit tenant demand in the area exceptionally well including excellent loading, multiple points of ingress/egress, functional column spacing, ample parking, substantial power and various make-ready improvements. Furthermore, Latitude 303 Logistics enjoys unparalleled connectivity to Phoenix and multiple metros through proximity to highly-traveled freeways.
Latitude 303 Logistics is within a world-class e-commerce market that is home to companies like Amazon, Boeing, UPS, Best Buy, Ball Corp, SubZero, Daimler, and more. The Southwest Valley submarket alone absorbed 6.0 MSF in Q2 2024, representing 81% of the total absorption in Metro Phoenix. Loop 303, in particular, has become an industrial hot spot due to a strong labor market (Arizona has added over 400,000 jobs since 2015), access to major world markets (California is the sixth world’s largest economy), a simplified tax system, and the low cost of doing business (Greater Phoenix operating costs average up to 36% less than in California).