Expeditors International leases industrial space in Phoenix … – The Business Journals

In the West Valley, a Phoenix developer has broken ground on a new 1.75 million-square-foot industrial facility.
The first phase of the project, dubbed C|303, will be developed across 113 acres at the northwest corner of Loop 303 and Camelback Road in Glendale.
Merit Partners, the developer of the PV 303 industrial park, as well as First Industrial Realty Trust and Diamond Realty Investments, are currently building the first phase of the facility with three buildings totaling 375,660 square feet, 420,536 square feet and 958,847 square feet.
“Requirements for industrial space have become increasingly sophisticated, but C|303 has anticipated those needs,” said Merit Partners president Kevin Czerwinski, in a statement. “Its diversity of buildings and connectivity will support cutting-edge logistics and supply chain users. These are exciting opportunities in the Loop 303 corridor that underscore the depth and breadth of our market.”
The first two, smaller buildings are expected to be completed by September 2023, while the largest building will be completed by July 2023. At full buildout, the project will span one mile along the Loop 303.
Stevens-Leinweber Construction is the general contractor. Butler Design Group is the architect. Anthony Lydon, Marc Hertzberg and Riley Gilbert of JLL’s Phoenix office will serve as the project’s leasing brokers.
“Their ability to secure such a large parcel for C|303 means that they can continue to develop state-of-the-art industrial buildings in a corridor where land availability has significantly tightened,” Gilbert said in a statement.
The first phase features 40-foot clear height and up to 70-foot speed bays. Phase Two will comprise an additional 1.4 million square feet of future speculative development, or is available now for build-to-suit opportunities. The site is Foreign Trade Zone capable and will be located near other users such as Best Buy, Dick’s Sporting Goods, Mlily, REI, Sub-Zero and UPS.
The Loop 303 corridor, which JLL expects to see more than 50 million square feet of industrial space in the next five years, has continued to be one of the top industrial areas in the Valley.
In other industrial news, Expeditors International of Washington Inc., a global logistics company, will occupy 39,396 square at a building under construction in Phoenix. The company will join Airport 48 Industrial — a 146,526-square-foot building by ViaWest Group at 3232 S. 48th Street.
SouthernCarlson, an industrial fastening and packaging distributor, leased 65,000 square feet of Airport 48 before the project even broke ground. Monterrey Tile Co. will round out the three-tenant building that’s slated for completion in Q1 2023
NAI Horizon’s Isy Sonabend and Drew Eisen represented ViaWest in the deal while Andrew Mager with Fischer & Co. and Tom Louer with Lee & Associates Arizona represented Expeditors International of Washington Inc.
In the West Valley, Mesa-based Edkey Inc. has opened a campus in Buckeye.
The Sequoia Pathfinder Academy at Verrado Way and Interstate 10 will offer classes for kindergartners through 11th grade this fall, and add 12th grade next year.
The 35,727-square-foot facility was build by Phoenix-based Willmeng Construction and designed by Scottsdale-based SPS+ Architects’ Neil Pieratt, who had designed many of Edkey’s schools.
In the midst of the construction project this summer, Pieratt died. In honor of his impact on the community, Edkey dedicated Sequoia Pathfind Academy to his legacy.
Edkey is a nonprofit charter school system that operates an online school and 16 school sites across Arizona.
And over in the East Valley, Newmark Group Inc. (Nasdaq: NMRK) arranged the $111.75 million sale of a two-property portfolio totaling 369 units in Tempe.
Newmark Executive Managing Director Brad Goff, Senior Managing Director Brett Polachek and Managing Director Chris Canter represented the seller, a joint venture between Avanti Residential and KKR Real Estate, in the sale to a Denver-based buyer, Jason McCool.
The properties include the 188-unit Omnia on 8th and the 181-unit Omnia McClintock.
In Phoenix, Oak Street Health (NYSE: OSH) has opened two new primary care centers as it continues an expansion into Arizona that started this year.
The two clinics, one at 3536 Glendale Ave. and the other at 1950 W. Indian School Road, opened on Aug. 15 and 16, respectively.
The company said both clinics plan to embed themselves into the community by partnering with local organizations, low-income apartments, independent senior facilities and churches.
Oak Street’s network of primary care centers are focused on serving adults on Medicare, and the company opened its first Arizona clinic earlier this year. It now has five locations in the Valley and one in Tucson.
Oak Street Health, which is based in Chicago, was founded in 2012 and operates more than 130 centers across 20 states.
And in retail news, Athleta has opened a new location at SanTan Village store at 2218 E. Williams Field Road in Gilbert. The store is 2,700 square feet. 
Athleta is a performance and lifestyle brand for women and girls. The brand has more than 220 stores across the country.
Editor’s note: The real estate deal wrap is published regularly by the Phoenix Business Journal. Send new real estate transactions and retail/restaurant leases to managing editor Erin Edgemon, eedgemon@bizjournals.com.
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