Logistics Property Company, LLC (LogiPropCo), a logistics real estate owner, developer, and manager, with more than 27 million square feet of logistics facilities across the U.S, has 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 is comprised of 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 production of 707,000 kWh annually. The system is expected to offset annual electrical load by up to thirty percent, depending on usage.
“We are excited to announce a full-park lease at Olive Logistics Center,” said Brad Cushard, Senior Vice President of LogiPropCo’s Mountain Region. “As a newer player in the Phoenix market, this is a positive indicator for our team as we look for opportunities to expand in the area. We are grateful for the support of everyone who worked on this project including Ware Malcomb, FCL builders and the Cushman & Wakefield team.”
Logistics Property Company’s Mountain Region team was supported by Cushman & Wakefield’s Andy Markham, Phil Haenel, and Mike Haenel in the leasing of the park. The tenant was represented by Jim Wilson, also of Cushman & Wakefield.
“This lease is a significant milestone for the Southwest Valley industrial market. Securing a single tenant for over 1 million square feet across two buildings is a testament to the continued strength and demand for large-scale logistics and distribution facilities in this region,” said Markham. “With very few remaining options of this size, the transaction underscores the scarcity of available inventory and highlights the strategic importance of these properties for tenants seeking expansive, modern space.”
Logistics Property Company’s other project in the Phoenix market, Palm Gateway Logistics Center, has 292,000 square feet remaining available for lease.
About Logistics Property Company
Logistics Property Company, LLC is a real estate operating company and investment manager focused on the acquisition, development, and management of modern logistics properties in key North American markets. The company executes a disciplined investment strategy, ensuring optimal outcomes for our investors, employees, communities, and environment. Headquartered in Chicago, Logistics Property Company owns or has under development 27.9 million square feet of logistics facilities across 14 U.S. markets. For more information, please visit logisticspropco.com.
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