Cresset Real Estate Partners and Clarius Partners have closed on the land acquisition for 303 Crossroads, a 1,758,410-square-foot logistics development in Glendale, Ariz.
The project will consist of two buildings to be built across two phases on land fronting Loop 303 and Northern Parkway in Glendale. Building one will be 1,023,610 square feet and is scheduled to be completed in 2022. Building two will be 734,800 square feet and is slated for completion in 2023. Groundbreaking is scheduled for October 2021.
Both buildings will be built to stringent modern design standards and will target ecommerce, distribution and warehousing users. Features of the buildings will include cross-dock configuration, 40-foot clear height, above-market parking ratios, and direct frontage on both Loop 303 and Northern Parkway.
“Cresset Real Estate Partners is pleased to partner with Clarius Partners on this project for a multitude of reasons,” said Dominic DeRose, director for C
