About 391 acres of land in the City of Glendale has been sold for $255.3 million, according to Vizzda. The buyer was QTS Datacenters and the seller was First Industrial Realty Trust.
The buyers plan to use the land to develop a nine-building industrial logistics park.
The land sits along the west side of Loop 303, offering extensive freeway frontage between the Camelback Road and Bethany Home Road interchanges. With ample land and multiple access points along Camelback Road, Cotton Lane and Bethany Home Road, the site provides the physical and logistical advantages to serve tenants ranging from mid-size users to the region’s largest industrial operators.