PHOENIX, ARIZONA (Feb. 26, 2024) – The leading manufacturer of furniture for offices, hospitals, and classrooms is developing its footprint in the West Valley by taking 211,360 SF at C|303, an industrial development under construction at 5101 N. Cotton Lane in Glendale, Arizona.
Executive Managing Director Isy Sonabend and Senior Associate Drew Eisen with NAI Horizon and Arie Salomon with NAI P-S-P in Seattle, Washington, represented Steelcase Inc. of Grand Rapids, Michigan, in a long-term lease valued at $10.8 million. Upon completion of construction, the building that Steelcase will occupy – Building A – will total 375,660 SF.
Phoenix-based Merit Partners, First Industrial Realty Trust, and Diamond Realty Investments broke ground in 2022 on Phase One of C|303, a Class A industrial logistics park in the West Valley’s Loop 303 industrial corridor. At build-out, the project will occupy one full mile of Loop 303 frontage.
“Following an extensive site selection process, the occupancy of Steelcase Inc. in the West Valley provides this iconic American furniture manufacturer with a strategic location to distribute its product lines in the Southwest,” Sonabend said. “This tenancy represents another expression of Phoenix’s capability to attract world-class organizations to dynamic Arizona.”
Phase One spans almost 113 acres and more than 1.75 MSF feet at the NWC of Loop 303 and Camelback Road. Phase One includes three buildings: Building A, 375,660 SF; Building B, 420,536 SF; and Building C, 958,847 SF.
C|303 is 30 minutes from Phoenix Sky Harbor International Airport and less than a four-hour drive from Southern California’s Inland Empire, providing proximity to Los Angeles and Long Beach ports. The site is Foreign Trade Zone capable, sitting within a hub of corporate users including Best Buy, Dick’s Sporting Goods, Mlily, REI, Sub-Zero, UPS, White Claw, Williams Sonoma, and XPO Logistics.
The landlord, First Industrial Trust c/o Merit Partners, LLC, was represented by Riley Gilbert with JLL.