Lake Washington Partners Announces Purchase of Coldwater Depot Logistics Center in Avondale, AZ; Prime 54-Acre, Industrial-Zone Site Targeted for Tena

SEATTLE--(BUSINESS WIRE)--Lake

Washington Partners, a Seattle area-based commercial real estate

firm owning, managing and developing properties across the United

States, has announced the purchase of the Coldwater Depot Logistics

Center in Avondale, AZ from Trammell Crow Company (TCC), one of the

nation's largest commercial real estate developers and investors, and

Clarion Partners, a leading U.S. real estate investment manager.

Located at 1100 North 127th Avenue, Avondale, the 54-acre site is

strategically located southwest of Phoenix and currently includes a

600,000 square-foot distribution center occupied by Conn's Furniture.

The site can accommodate an additional 400,000 square-feet of

distribution/warehouse facilities.

"With frontage on I-10 and Van Buren Street, an integrated network of

freeways nearby and 15 minutes from Sky Harbor, Coldwater Depot

Logistics Center is ideally suited for a big box distribution facility

or phased development," said Lake Washington Partners' President Jordan

Lott.

Lott said his family-owned company will manage future construction and

development at the site-expanded based on the needs of future tenants.

The basic infrastructure is in place for future development.

He said the site is designated as a Foreign Trade Zone (FTZ), providing

an additional advantage for tenants engaged in foreign trade-related

activities.

Lake Washington Partners' portfolio includes properties for lease, sale

or development in multiple markets in the United States. For more

information on the Coldwater Depot site, visit www.lkwp.com

or email [email protected]

About Coldwater Depot Logistics Center:

Located at 1100 North 127th Avenue, Avondale, AZ 85323, the

industrial-zoned, 54-acre site has the capacity to accommodate 1 million

square-feet of warehouse/light manufacturing facilities. With a 600,000

square-foot facility completed and occupied, the site can provide

additional 400,000 square-feet of cross-dock distribution/warehouse

space.

Contact [email protected] for

more information.



About Lake Washington Partners www.lkwp.com:

Over three generations, family-owned Lake Washington Partners' focus has

remained steadfast: providing outstanding service to tenants and

enhancing value in real estate ventures. These principles have allowed

Lake Washington Partners to grow into a well recognized and thriving

nationwide real estate company.

Lake Washington Partners' team includes solutions-oriented professionals

with the judgment and experience necessary to help navigate viewazhomes the

challenges in today's real estate and adapt to the obstacles of tomorrow.

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