October 19, 2023 9:00 AM
Newmark announces it has successfully executed a 570,080-square-foot lease in a new industrial building in Glendale, Arizona.
Newmark Senior Vice President Ladson Montgomery represented the tenant, Saddle Creek Logistics Services, a third-party logistics company specializing in designing and delivering omnichannel logistics solutions for manufacturers, retailers and ecommerce companies, in cooperation with Managing Director Rob Stephens and Associate Chase Gabriel. The tenant will occupy the entire building.
“This lease marks a significant milestone for Saddle Creek Logistics. The facility’s modern amenities, expansive space and strategic location in Glendale make it an ideal fit for Saddle Creek Logistics’ growing operations,” said Stephens. “As a testament to the steady industrial market in the Glendale area, the transaction is indicative of the growing demand for state-of-the-art industrial facilities in the region.”
The property, a 620-foot-deep building, features 40-foot clear height, 87 dock-high doors, four large grade level doors, 190-foot concrete truck courts, 132 trailer parking stalls (with 89 future trailer stalls) and 356 auto parking stalls. The building’s modern design incorporates clerestory windows, energy-efficient LED lighting and an ESFR fire sprinkler system. Two existing groundwater wells in the business park and heavy industrial zoning add to the property’s appeal.
“Saddle Creek continues to expand into new markets with an ever-growing client base. We are excited to enter the Glendale market and look forward to bringing our strong company culture and reputation for service excellence with us,” said Rob Pericht, Saddle Creek’s Senior Vice President of Client Solutions and Operational Development. “We are grateful to the Newmark team for their partnership on this transaction and for helping us bring the deal to fruition.”
About Saddle Creek Logistics Services
Whether you sell B2B or D2C, Saddle Creek Logistics Services provides order fulfillment, warehousing and transportation services to help you deliver an outstanding customer experience, drive peak performance, and scale for growth. For more information, visit http://www.sclogistics.com.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of June 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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