AN INDUSTRIAL SUCCESS STORY

LPC Desert West built and delivered Park303 Phase 1 within 17 months between March 2020 and August 2021. The project was leased upon delivery to a Fortune 1 retailer and, one month later, was sold to a leading global real estate investor, securing the highest single-building industrial sale price in Arizona history.

Park 303 Phase 1 was one of the first industrial developments in the state to quickly convert two stand-alone buildings (a 705,531-square-foot Building A and 488,995-square-foot Building B) into a single, 1.25 million-square-foot facility to meet the needs of a major single user.

“The flexibility, location and high-tech, high-velocity e-commerce fulfillment capabilities of Park303 not only cemented our full-building lease but also attracted a buyer who recognized significant long-term value that these advantages bring to this premier industrial asset.”

David Krumwiede, Senior Executive Vice President, LPC Desert West

Phase I features include:

  • Building 1: 705,531 s.f.

  • Building 2: 488,995 s.f.

  • Combinable to one single building totaling 1.25+ million s.f.

  • 71.5 acres

  • 40’ clear

  • R-38 insulated roof deck system

  • Steel moment frame shear bracing system

  • 25’ tall glass at front entry

  • 5’-0” X 10’-0” clerestory windows on north and south elevations

  • 2’-6” X 16’-7” clerestory windows at west and east elevations

  • Full concrete truck courts & drives

  • Efficient LED lighting throughout

  • ESFR fire-sprinkler system

  • 7” slab thickness over 4” crushed rock

  • 3,000 Amp, 277/480 Volt power

  • Expandable to 9,000 Amps in each building

  • 8’-4” concrete masonry security wall on north and south sides with auto gates

  • 40’-50’ private drives around the site

  • White reflective 60 mil TPO roof membrane

  • Drive in doors

    • North and South – 14’-0” X 16’-3”
    • West and East – 20’-0” X 16’-0”

  • 9’-0” X 10’-0” insulated overhead dock-high doors

  • Steel joists and columns (56’ x 52’ spacing)

  • Attracting and retaining the best and brightest employees with…

    • Fully amenitized outdoor spaces
    • Covered canopies with tables/seating and barbeques
    • Office-like collaboration and break areas