News Summary
Logisticus Group has officially expanded its operations to Glendale, Arizona, becoming the first major tenant in Phase 2 of the Park303 industrial development. They have signed a lease for a substantial 483,300-square-foot facility and aim to enhance logistics services in the area. This move signifies a commitment to sustainability and innovation, particularly in supporting alternative energy projects. Park303 promises a dynamic working environment with recreational amenities for employees, making it an attractive hub for logistics businesses and professionals.
Exciting Developments in Glendale: Logisticus Group Makes Its Mark
Glendale, Arizona is buzzing with excitement as the Logisticus Group, a leading logistics company from South Carolina, has officially expanded its operations into the area. This move marks a significant milestone as Logisticus becomes the first major tenant in Phase 2 of the sprawling Park303 industrial development. With their sights set on providing high-quality logistics services, they are ready to make waves in the industry right here in Arizona.
A New Home in Park303
Logisticus has signed a lease for a hefty 483,300-square-foot building thatโs part of the second phase of Park303, located conveniently near Glendale Avenue and the Loop 303. This phase boasts an impressive total of 2.5 million square feet across three buildings, offering plenty of space for various operations. As the first major player to set up shop in this phase, Logisticus is leading the charge in what promises to be a bustling industrial hub.
What Logisticus Group Brings to the Table
Established as a prominent figure in logistics, Logisticus Group is known for its expertise in transportation, logistics, civil engineering, project management, and technology. Their decision to anchor themselves in Glendale is part of a broader strategy to support an alternative energy company with third-party logistics services. This collaboration showcases Logisticusโ commitment to sustainability and innovation in the logistics space.
All About Park303
The Park303 development isnโt just about space; itโs about creating an environment that attracts the best of the best in the logistics realm. Covering a massive 71.5 acres, this site includes not only ample buildings for lease or sale but also a range of enticing amenities that make it a great place to work. Itโs all about retaining talent, and Park303 has taken that to heart with features designed for relaxation and recreation.
Extraordinary Amenities Await
Alongside functional office suites, the property offers an outdoor area complete with pickleball and basketball courts. Whether youโre looking for a quick game or a place to unwind, Logisticus employees will enjoy access to barbecues and an entertainment area packed with shaded seating. This blend of work and play is crucial for promoting a positive work culture, and Park303 certainly delivers on that front.
What Lies Ahead?
We can expect Logisticus Group to really dig into their operations soon. Their entry into this region could open doors for innovations in logistics services while also positively impacting the local economy by creating job opportunities. As competition heats up in the logistics sector, thereโs no doubt that this is just the beginning of what will become a vibrant community of businesses at Park303.
The Bigger Picture
Just to give you a snapshot of the growth happening in this area, Phase 1 of Park303 is already a bustling hub, with a fully leased 1.25 million-square-foot building occupied by Walmart. This significant boost in activity caught the attention of real estate powers like BentallGreenOak, who acquired Phase 1 for a stunning $186 million in 2021.
As Logisticus Group settles into their new property in Glendale, we can only imagine the exciting developments that will unfold. This is a stellar time for logistics in Arizona, and weโre eager to see how the landscape continues to evolve in the coming years!
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