SEATTLE — Lake Washington Partners, a Seattle area based commercial real estate firm owning, managing and developing properties across the United States, has announced the purchase of the Coldwater Depot Logistics Center in Avondale, AZ from Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and Clarion Partners, a leading U.S. real estate investment manager.
Located at 1100 North 127th Avenue, Avondale, the 54-acre site is strategically located southwest of Phoenix and currently includes a 600,000 square-foot distribution center occupied by Conn’s Furniture. The site can accommodate an additional 400,000 square-feet of distribution/warehouse facilities.
“With frontage on I-10 and Van Buren Street, an integrated network of freeways nearby and 15 minutes from Sky Harbor, Coldwater Depot Logistics Center is ideally suited for a big box distribution facility or phased development,” said Lake Washington Partners’ President Jordan Lott.
Lott said his family-owned company will manage future construction and development at the site-expanded based on the needs of future tenants. The basic infrastructure is in place for future development.
He said the site is designated as a Foreign Trade Zone (FTZ), providing an additional advantage for tenants engaged in foreign trade-related activities.
Lake Washington Partners’ portfolio includes properties for lease, sale or development in multiple markets in the United States. For more information on the Coldwater Depot site, visit www.lkwp.com or email coldwater@lkwp.com.
About Coldwater Depot Logistics Center:
Located at 1100 North 127th Avenue, Avondale, AZ 85323, the industrial-zoned, 54-acre site has the capacity to accommodate 1 million square-feet of warehouse/light manufacturing facilities. With a 600,000 square-foot facility completed and occupied, the site can provide additional 400,000 square-feet of cross-dock distribution/warehouse space.
Contact coldwater@lkwp.com for more information.
About Lake Washington Partners
Over three generations, family-owned Lake Washington Partners’ focus has remained steadfast: providing outstanding service to tenants and enhancing value in real estate ventures. These principles have allowed Lake Washington Partners to grow into a well recognized and thriving nationwide real estate company.
Lake Washington Partners’ team includes solutions-oriented professionals with the judgment and experience necessary to help navigate the challenges in today’s real estate and adapt to the obstacles of tomorrow.
MEDIA CONTACT:
For Lake Washington Partners
Barry Bartlett, 206-335-4694
barry@bartlettgrouppr.com