Logistics Property Company signed two full-building leases totaling 1,032,079 square feet at Olive Logistics Center in Glendale, Arizona, with a third-party logistics provider. With this lease signing, the park, completed in 2025, is fully leased.
Located at 17210 and 17240 West Olive Avenue, Olive Logistics Center comprises two Class-A warehouses with 40-foot clear heights and significant car and trailer parking. Registered LEED Gold, the park features a 407-kW solar carport system, with an estimated on-site renewable energy production of 707,000 kWh annually. The system is expected to offset up to 30% of annual electrical load, depending on usage.
Cushman & Wakefield’s Logistics Property Company’s Mountain Region team was supported by Andy Markham, Phil Haenel, and Mike Haenel in the leasing of the park. The tenant was represented by Jim Wilson, also of Cushman & Wakefield…