VT 101
VanTrust Real Estate has developed a nationwide portfolio of projects, ranging from office, industrial and multifamily, to mixed-use and science + technology. The Kansas City, Missouri-based firm has an expanding reach across six regional offices, including a Southwest Division office here in Phoenix. Throughout the country, VanTrust has developed a reputation as a company that cultivates strong relationships and commitments to the communities that it does business in.
One community where VanTrust is increasing its presence is Glendale, Arizona, where the firm recently broke ground on its third industrial park, VT 101. The park is immediately adjacent to the city’s sports and entertainment corridor, State Farm Stadium and Westgate.
VT 303
VT 101 is a 48-acre, three-building, 750,000-square-foot industrial development located west of Loop 101 at Ballpark Boulevard and 99th Avenue. For VanTrust and Van Tuyl Companies, Glendale has been a great partner. VanTrust has been active on the development side and Van Tuyl Companies has developed and owns three car dealerships in the city, as well as 150 acres of land.
“For our team, the Glendale City staff have been incredible and a pleasure to do business with,” says Jenna Borcherding, VanTrust Real Estate senior director of development. “As a community, Glendale is very business-friendly and we continue to see opportunities to build here and enjoy being a part of this thriving area.”
Andretti Karting and Dicks Sporting Goods are bringing their latest concepts — an indoor karting and games venue and Dicks House of Sport — to an adjacent property in Glendale. To help facilitate development of the surrounding area, the company also fronted $6.5 million in funding for the lift station near VT 101, which serves everything west of 99th Avenue from Glendale to Cardinals Way.
“Glendale overall, and this area around VT 101, has so much going for it, with the visibility from the Loop 101 and incredible access to all of the amenities in Glendale’s Sports and Entertainment District,” Borcherding says. “There’s access to a large workforce, as well, and we saw tremendous success at our VT 303 development a little further west and have enjoyed nothing but positive results in Glendale.”
VT 303
VT 101 will be delivered in two phases, with Phase One including two 156,000-square-foot buildings, which are set to deliver in April 2025. Phase Two includes a 433,00- square-foot, cross-dock building.
VT 303 was VanTrust’s first industrial development in Glendale. It was an 80-acre industrial part that featured a 280,000-square-foot build-to-suit for Amazon and a 550,000-square-foot speculative building.
After VT 101, VanTrust will begin work on VT 303 North, which is located at the southwest corner of Northern Avenue and Reems Road. This 66-acre site is zoned for up to 1.1 million square feet of industrial development.
Did You Know: VanTrust Real Estate was named the 2023 NAIOP National Developer of the Year.
Photos courtesy of VanTrust Real Estate
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