Work could begin later this fall on the construction of a proposed Class A industrial building near the busy Loop 303 corridor in Glendale, Arizona.
The Kansas City, Missouri-based VanTrust Real Estate has now purchased the just over 76 currently vacant acres, located at Sarival Road and Maryland Avenue, with plans to build a 660,000 square foot speculative industrial structure.
In a statement, Jenna Borcherding, director of development with VanTrust, said the site for the new structure was chosen because it’s in “close proximity to a growing and skilled labor force, along with prime access to the Loop 303 freeway.”
Borcherding added that the “building’s size offers tremendous opportunity and flexibility.”
Most likely to be used as a distribution facility, the building will feature ceiling heights of 40 feet, along with clerestory glass windows conducive to natural lighting.
It is expected that work on the structure will be completed by the early summer of next year.
VanTrust Real Estate is a full-service real estate development company that this summer launched the construction of a four-story, 115,000 square-foot Class A office building in McKinney, Texas; as well as just under 1 million square feet of industrial spec space in El Paso.
By Garru Boulard
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