The expansion gives the prime, 54-acre, industrial zone site a 175,000-square-foot vacancy that is now available for lease
SEATTLE — (BUSINESS WIRE) — Lake Washington Partners, LLC, a Seattle-area commercial real estate firm, today announced the completion of a 427,000-square-foot expansion to the Coldwater Depot Logistics Center in Avondale, Arizona.
Located at 1100 North 127th Avenue in Avondale, the 54-acre site now accommodates one million square feet of cross-dock distribution/warehouse space, strategically located southwest of Phoenix. One hundred and seventy-five thousand square feet of the 427,000 expanded distribution/warehouse space is still available for lease and will be featured at a brokers open house on Tuesday, June 6th, from 8:00 a.m. to 10:00 a.m.
“At Lake Washington Partners, we pride ourselves on developing quality buildings that we will own long term. We’re excited to showcase the second phase of this expansion project. Coldwater Depot is a Class-A building with great access to I-10 and the west Phoenix area,” said Jordan Lott, President of Lake Washington Partners.
The facility was the recipient of the 2016 TOBY Building Award for Industrial Office Parks. Lake Washington Partners will manage the property through its management division, and Daniel Calihan, Senior Vice President with the Phoenix office of CBRE, is currently marketing the space.
“We are thrilled Lake Washington Partners has chosen to expand the Coldwater Depot Logistics Center in Avondale to approximately one million square feet, making it Avondale’s largest single building and an integral part of our community. Through this project they have created a valuable asset that helps the city attract other business to Avondale,” said Dan Davis, Avondale’s Economic Development Director.
For more information on leasing the space contact Daniel Calihan at danny.calihan@cbre.com and visit the broker’s open on Tuesday, June 6th, from 8:00 a.m. to 10:00 a.m.
About Lake Washington Partners
Lake Washington Partners is a Seattle-based, privately-owned commercial real estate company focused on long-term portfolio investments and development projects around the country. Founded in 2006, Lake Washington Partners has successfully developed or acquired 7 million square feet of property nationwide. Lake Washington Partners specializes in large-scale industrial facilities and Class A office spaces, with properties in Washington, Nevada, Arizona, Texas, Minnesota, Ohio, Florida and New Jersey. For more information on the Coldwater Depot email coldwater@lkwp.com.
CONTACTS
For Lake Washington Partners
Jessica Abramson, 206-979-0914
Jessica@curiosity.works