Cushman & Wakefield Arranges Sale of Latitude 303 Logistics in Glendale

EQT Real Estate Acquires Two-Building Industrial Project from AEW, Westport Capital Partners and McKinney Investments in Booming Southwest Valley

Phoenix, AZ – September 23, 2025 – Cushman & Wakefield announced the firm has arranged the sale of Latitude 303 Logistics, a premier two-building industrial project totaling 906,607 square feet. Located at 16351-16555 West Glendale Avenue in Glendale, AZ, Latitude 303 Logistics was acquired by EQT Real Estate from AEW, Westport Capital Partners and McKinney Investments.

The sellers—AEW, Westport Capital Partners and McKinney Investments—are established leaders in real estate investment and development, known for acquiring, managing and developing high-quality assets across diverse sectors. EQT Real Estate is a global real estate investment manager with a strong track record of acquiring and operating top-tier properties worldwide.

Will Strong, Molly Hunt, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group represented both the buyer and the sellers in this transaction.

"Latitude 303 Logistics is strategically positioned in the heart of Phoenix's thriving Loop 303, one of Phoenix’s most dynamic submarkets," said Strong. "In a supply-constrained market, the property’s prime location with frontage on Loop 303, institutional-quality construction and strong tenant credit make it an outstanding addition to EQT’s expanding portfolio.”

Completed in 2022, Latitude 303 Logistics includes state-of-the-art building features to meet the demands of modern logistics and distribution users. Latitude 303 Logistics is currently 55.2% leased to high-quality tenants Lennox Industries (NYSE: LII) and Marketech International Corp. USA. The remaining 406,027 square feet suite includes 40-foot clear height, a speculative office, HVAC in the warehouse, ESFR sprinklers, expansive truck courts and robust power infrastructure.

"With strong leasing fundamentals and high demand from tenants and investors alike, Phoenix remains a highly attractive market for industrial properties,” added Hunt.

Strategically located with immediate access to Loop 303 and proximity to I-10 and Loop 101, the property offers exceptional regional and national connectivity. Positioned within a one-day truck drive of over 40 million people and just minutes from Phoenix Sky Harbor International Airport, Latitude 303 Logistics is ideally situated to support efficient distribution operations. Its prime location makes it a highly attractive hub for logistics, supply chain and e-commerce users seeking speed-to-market advantages.