By JLL and IndiCap
Boutique commercial real estate company IndiCap announced it will develop Virgin Industrial Park in partnership with Invesco. At build-out, the two-phase, 110-acre Class A development will total more than 1.5MSF in five buildings. It will also bring IndiCap’s local industrial development pipeline to more than 14.4MSF and 880 acres.
Virgin Industrial Park is located on the NWC of Olive and Reems Roads in Glendale. The project sits within the Loop 303 industrial corridor and immediately north of Northern Parkway.
Virgin Industrial Park will be developed in two phases. Phase I will include three buildings totaling 566KSF, 245KSF and 213.8KSF. Phase II will include two buildings totaling 297.4KSF and 235KSF.
The project will offer a total of 263 dock doors, 20 grade level doors, 60’ to 70’ speed bays, up to 60’ x 60’ column spacing, and ESFR sprinkler systems. Buildings will also feature 32’ to 36’ clear height, 3,000 amps of power, secured truck courts and parking for more than 2,200 autos and 167 trailers.
JLL’s Marc Hertzberg, John Lydon and Kelly Royle are the project’s leasing brokers.
Construction on Phase I is scheduled to begin in November 2022, with completion expected by December 2023. Completion of Phase II is anticipated by Q1 2024.Graycor Construction Company has been selected as the general contractor. Deutsch Architecture Group is the project architect.
