Grandview Partners, in a joint venture with Echo Real Estate Capital, have sold 9701 North 151st Ave. in Glendale, Ariz., to LBA Logistics. The freestanding, class A industrial building, totaling 220,240 square feet, is 100 percent leased to HubStarr Logistics.
Located in Phoenix’s Loop 303 industrial corridor, the newly constructed property is part of a 38.6-acre industrial business park in the Southwest Valley submarket.
“Situated in a premier industrial market alongside Amazon, Boeing, Red Bull and Ball, the booming Loop 303 industrial corridor is fueled by a strong labor market, world-class market access, a favorable tax environment, and lower operating costs,” said Raj Menon, CEO at Grandview Partners. “Modern industrial buildings like this continue to outperform older properties, aligning with Grandview’s strategy to invest in modern, well-located assets that meet today’s tenant needs.”
The property was developed with state-of-the-art feature
