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13803 Northern AveGlendale, AZ 85307
Luke Field
Asset ClassIndustrial
Two Brand New, Class A Industrial Buildings Totaling ±1.1 MSF | 100% Leased to Fluidstack - a Mission-Critical AI Infrastructure Provider | 12.4 Years of Term Remaining | 12,000 Amps of Power
overview of deal

Overview

Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the exclusive opportunity to acquire Luke Field - Buildings Alpha & Bravo (the “Property”) through a REIT Shares structure. This newly constructed Class A industrial park spans ±1,149,958 SF across ±66.28 acres in Glendale, Arizona, and is powered by a robust 12,000A electrical service. Strategically positioned along Northern Parkway within Metro Phoenix’s highly sought-after Loop 303 corridor, the Property comprises two state-of-the-art manufacturing and distribution facilities that are 100% leased to Fluidstack, a rapidly growing AI cloud and compute infrastructure provider supporting the next generation of artificial intelligence development. Fluidstack is manufacturing high-density modular data center infrastructure for clients such as Anthropic and Google and are investing over $185M into facility improvements. With approximately 12.4 years of remaining lease term, the offering provides investors with secure, long-duration cash flow through a tenant operating within one of the fastest-growing sectors of the global economy, further bolstered by a $33,610,544 Letter of Credit securing the lease.

 

The Property represents a significant component of the broader Luke Field master-planned industrial campus, a ±140-acre, ±2.4 MSF logistics development that has attracted significant institutional investment. The campus has demonstrated strong market validation through Walmart’s acquisition of the adjacent ±1.2 MSF Building C, which represented Arizona’s largest industrial building sale in 2025. Luke Field has further distinguished itself through its industry-leading sustainability profile, earning recognition as Arizona’s highest-scoring LEED-certified industrial development. Combined with its institutional-quality design, large-scale functionality, and long-term tenancy, the Property offers investors the opportunity to acquire a premier industrial asset within one of Metro Phoenix’s most notable logistics campuses. Located along Northern Parkway with immediate connectivity to Loop 303, the Property provides exceptional access to the regional transportation network, population centers, and industrial demand drivers that continue to fuel growth throughout Metro Phoenix.

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13803 Northern AveGlendale, AZ 85307

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