First-mover mid-bay, multi-tenant project completes in Loop 303 Corridor

Kentwood 303 leads the way for future mid-market industrial developments

GLENDALE, Arizona – The first mid-bay, multi-tenant industrial development to rise within Phoenix’s Loop 303 Corridor has been completed and delivered to market. The project, Kentwood 303, can accommodate substantial occupant demand from mid-sized tenants wanting to locate close to the e-commerce, cold storage, healthcare and manufacturing giants moving en masse to the West Valley’s booming Loop 303 industrial submarket.

The 271,000-square-foot Kentwood 303 industrial development will span two buildings that provide efficient space alternatives for 10,000-square-foot to 100,000-square-foot tenants. The property features a parking ratio of nearly 2:1000, 28’ clear heights, 6000 amp power availability, 28 truck wells and extensive grade level doors throughout a 200’-wide truck court.

The project is located in the heart of the Loop 303 Corridor in Glendale, Arizona – at the northeast corner of Bethany Home Road and Cotton Lane, just west of a Loop 303 full diamond interchange. It enjoys immediate proximity to Interstate 10 and the new Northern Parkway, an I-10 reliever located just north of the site.

“Glendale’s economic boom (our New Frontier) continues to lead the industrial development charge within the Valley,” said Glendale Mayor Jerry Weiers. “With Kentwood 303 blazing the trail for mid-market industrial projects, there are greater opportunities for top employers to bring more prime companies and high-quality jobs to Glendale. I couldn’t be more proud of this continued development.”

Kentwood 303 is a next step in the evolution of the Loop 303 Corridor as a full-spectrum industrial location,” said Jim Zemezonak, Partner of Kentwood Ventures, the developer of Kentwood 303. “The project will provide high-quality, move-in-ready space that is flexible for the wide range of businesses needed to support the area’s mega industrial users. We are excited to deliver this development and appreciate our partnership with the City of Glendale to reach this milestone.”

“Mid-sized industrial employers have been under-served along the Loop 303 Corridor,” said JLL Managing Director Anthony Lydon, who is the property’s exclusive leasing broker along with Senior Vice President John Lydon and Associate Hagen Hyatt, all from the Phoenix office of JLL. “Kentwood 303 is a first-mover in mid-bay space that works for all industrial or R & D tenants seeking speed-to-market occupancy.”

The project architect for Kentwood 303 is Andrews Design Group. Willmeng is the project general contractor and EPS is the civil engineer.




Dino & Dragon Stroll Coming to the Tucson Area

Life-size & Life-like dinosaurs and dragons –  One Weekend Only!  December 4-5 – Tucson Expo Center

TUCSON, ARIZONA — Dino & Dragon Stroll, a new touring event, produced by CV Events is coming to Tucson for the first time. This is the only North American tour that lets you walk-thru and get up close to life-like and life-size dinosaurs AND dragons. This must-see event features the LARGEST creatures touring the country, much larger than any other event of its kind. The dinosaurs and dragons are MASSIVE, some standing over 28 feet tall and spanning over 60 feet long. Dino & Dragon Stroll also features the NEWEST dinosaurs and dragons produced with advanced animatronic and sound technology that brings these amazing creatures to life.

Dino & Dragon Stroll will transform the Tucson Expo Center, December 4-5, into the Mesozoic Era with prehistoric dinosaurs from the Triassic, Jurassic, and Cretaceous periods, and some fantastical dragons throughout! Creatures featuring moving heads, necks, tails, wings, eyes blinking, mouths that open and close, breathing movements, synchronized sounds, roars, and other amazing details that make them look real and alive!

Dino & Dragon Stroll is an interactive event allowing guests to walk thru this realistic and memorable indoor experience. While guests stroll at their own pace, they can get up close to dinosaurs throughout the exhibit, ranging from babies to life-like and life-size dinosaurs including encounters with a T-Rex, Velociraptor and Stegosaurus, just to name a few.  Guests can also get up close and personal with a selection of large, serpentine, winged, horned and legendary fire breathing dragons, just as you imagined them.

This one-of-a-kind event will provide the best opportunity to see and feel what it must have been like when the world’s largest creatures roamed the earth!

With every stop on their North American tour, Dino & Dragon Stroll teams up with a local food bank/pantry as part of their “Stomp Out Hunger” initiative to help those struggling within each local community. Guests are encouraged to bring items to the event to donate. There will be collection bins located at the front entrance of the stroll. All collected food items will then be donated to help children and families in the Tucson area facing hunger and food insecurities.

Dino & Dragon Stroll will have a Sensory Friendly Session that will take place at 8:30 a.m. on Saturday, 12/4. This session will be an experience in a sensory modified setting with sound and light adjustments designed to be less stimulating and overwhelming for those that have sensory sensitivities.

  • WHEN:      Dino & Dragon Stroll – Saturday & Sunday (December 4-5, 2021)
    Timed tickets available with entry every half hour
    8:30 a.m. – Sensory Friendly Session – Saturday, 12/4
    10:00 a.m. – 4:00 p.m. on Saturday
    10:00 a.m. – 3:00 p.m. on Sunday
  • WHERE:        Tucson Expo Center
    3750 E. Irvington Rd.
    Tucson, AZ
    TICKETS:  Tickets $24.99* each
    *additional service fees will apply

Children under 2, Military and Veterans are free.  No ticket required.
Military and Veterans show your Military ID or papers at the entrance for free admission.

Tickets available online and for advance purchase only.

For more information and to purchase Dino & Dragon Stroll tickets, please visit www.DinoAndDragonStroll.com

Photo Credit: Courtesy of CV Events




Sterling Real Estate Partners Acquires Land in Avondale for Class A Multifamily Development

Avondale, AZ –  Scottsdale-based Sterling Real Estate Partners recently acquired 9.6 acres of land with plans to develop a 238-unit, Class A apartment complex in the heart of Avondale’s rapidly expanding community. The property will feature luxury unit interiors, a resort style pool, state of the art fitness center, furnished outdoor lounge, and more. The land is located in a Qualified Opportunity Zone (QOZ) which provides for significant tax benefits to investors and will deliver additional multifamily housing to the rapidly growing West Valley community.

“In the Phoenix metro, pricing for existing assets has now exceeded replacement cost. Sterling has always been a value investor and now, the better value is to build. We see a bright future for the city of Avondale and believe the project is positioned to take advantage of the area’s exponential growth,” said Sterling’s President, David Zeff.

The project will become an industry-leading community boasting premium amenities that will provide a high quality of life for residents and will help serve the 7.9 percent population growth projected over the next five years. Avondale has seen its population grow by 21.4 percent since 2010 and has been accompanied by rent growth of 14.3% in 2021 alone. The city has been recognized as a hub for healthcare, manufacturing, highly skilled and well-educated residents, and known as a world class sports destination. Home prices in Avondale and neighboring Goodyear have risen 37.9 percent over the past year, up to a median sale price of $400,000. This has led to an affordable housing shortage in the area, creating an underserved demand for apartment living.

The proposed community will feature an array of 1-, 2-, and 3-bedroom units exhibiting modern finishes with quartz countertops, stainless steel appliances, vinyl plank flooring, and in-unit washer/dryers. Units range in size from 551 square feet up to 1,100 square feet with select units also including garages. The project is expected to begin in May of 2022 with completion estimated for Q4 of 2023. The site is located within walking distance of schools, shopping, and a short drive from recreation and entertainment destinations such as Phoenix Raceway, State Farm Stadium, Westgate Entertainment District, Estrella Mountain Regional Park, and the White Tank Mountains. There are also a growing number of employment opportunities in the West Valley including Banner Health, Abrazo Health, Amazon, Target, REI, and UPS.

Sterling is a multifamily investment company that has executed heavy value-add projects throughout Arizona, Texas, and Nevada. The proposed project will mark the first ground-up development for the company’s expanding Arizona portfolio.

“The characteristics of the project fit our investment criteria: great location, strong demographics, a thriving job market, high barriers to entry, and limited competition, not to mention the rare opportunity to acquire an entitled site in a tax incentive Opportunity Zone. We are excited to add a development platform to complement our value-add and adaptive re-use investment strategies,” said Zeff.

Zack Mishkin with Orion Investment Real Estate brokered the transaction for the 9.6-acre parcel.