### Echo Real Estate Capital Sells Glendale Warehouse for $39M
Echo Real Estate Capital and Grandview Partners have sold a Class-A industrial building in Glendale, Arizona, for $39 million. The property, known as “Building A” in Echo Park 303, spans approximately 220,240 square feet and is fully leased to Hubstarr Logistics, a regional third-party logistics solutions company.
Located at 9701 North 151st Avenue, the building sits two miles east of Loop 303 in the heart of Wolf Logistics Park. Cushman & Wakefield represented the sellers in the transaction.
This marks Echo’s first disposition in the Arizona market. Since 2022, the company has developed six industrial buildings in the West Valley. Echo Park 303 also includes a 455,000-square-foot cross-dock warehouse currently listed for lease with JLL.
Echo’s Jon Boyajian commented, “The market fundamentals and growth indicators for Phoenix remain strong. We are long-term believers in Phoenix’s position as a tier-1 industrial market.”
