Seefried Industrial Properties, Crow Holdings Capital forms JV

Atlanta-based Seefried Industrial Properties has formed a joint venture with a real estate fund advised by Crow Holdings Capital to build 101 at Van Buren, a new class A regional distribution center in Avondale. The buildings are the second phase of Avondale Commerce Park, a multi-tenant park that offers a variety of sizes, clear height and loading options.

Construction is already under way on the 633,321-square-foot distribution center, which is being built on a speculative basis on a 39-acre site within the Southwest Valley submarket. Located on the northwest corner of 101st Avenue and Van Buren Street, the development will total 633,321 square feet in two buildings, the first to be 408,581 square feet and the second, 224,740 square feet. Together the project can accommodate multiple industrial users needing space from approximately 38,000 square feet to approximately 408,581 square feet of space.

Buildings at 101 at Van Buren will be single story (36-foot and 32-foo