Real estate arm of Mormon church proposes 4.4 million-square-foot industrial park next to Puma in Glendale - Phoenix Business Journal

Another large industrial park is being proposed for the fast-growing Loop 303 corridor in Glendale adjacent to a facilityThe new 4.4 million-square-foot campus will be called Parkway 303 East and be developed on the northwest and northeast corners of Olive and Sarival avenues in Glendale.

The developer of the property, which is not named in city documents, is currently seeking annexation into the city of Glendale for 276 acres for the planned industrial park, which will also sit adjacent to a small residential neighborhood. If approved, a city report said the developer will also apply to rezone the property from rural residential to planned area development to allow for manufacturing, assembly, employment, distribution and warehousing. The developer is also looking to amend the city's general plan to redesignate the property for light industrial development, city documents said.will be presented to and discussed at a City Council workshop on Sept. 27. Butler Design Group Inc.

Despite a potential slowdown in the U.S., the Phoenix metro is expected to lead in industrial development alongside a few other large markets.

Source: News Formal (newsformal.com)

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