Staff Reports | Business & Commerce
Cushman & Wakefield announced the sale of Cotton 303 Logistics Center, a Class A industrial facility totaling 915,160 square feet at 6801 North Cotton Lane in Glendale. Prologis acquired the property.
The transaction was arranged by Cushman & Wakefield’s Industrial Advisory Group – Mountain West, with a team led by Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren representing the seller and procuring the buyer, according to a press release.
Don MacWilliam and Payson MacWilliams of Colliers provided leasing advisory services for the sale.
“This transaction highlights the appeal of modern logistics facilities with long-term, stable income streams and best-in-class functionality,” Mr. Strong said. “The property’s strategic location along Loop 303 and its ability to serve both regional and national distribution needs make it a premier asset in one of the country’s fastest-growing industrial corridors.”
Cotton 303 Logistics Center is a single-building industrial property delivered in 2022 and designed to institutional standards.
The facility includes a cross-dock configuration, 190-foot truck courts, ESFR sprinkler systems and LED lighting.
The building also has a 3,925-square-foot office component, a 3,000-amp power supply and 246 trailer parking spaces. The property is fully leased to Cubework.com, a national provider of flexible industrial and co-warehousing space.
The property is located in Glendale’s Southwest Valley near Loop 303 and Northern Parkway, providing access to Sky Harbor International Airport, Interstate 10 and the ports of Los Angeles and Long Beach. The Southwest Valley submarket includes more than 205 million square feet of industrial inventory and continues to see steady leasing activity and investment interest.
