Developer snags 38-acre Valley site for huge tech park

Article originally posted on Phoenix Business Journal on April 27, 2026

Industrial activity remained incredibly resilient in the Phoenix metro in the first quarter of this year.

In fact, industrial investment was the strongest on record, with $990.8 million in total sales volume, up 24% year-over-year, according to a Q1 report from Colliers.

Some major deals included Prologis acquiring Cotton 303 Logistics Center in Glendale for $104 million on March 20.

What’s more, EQT Real Estate acquired Commerce@303, a 663,367 square-foot industrial building also in Glendale, for $104.5 million on January 22.

All of the quarter’s top transactions involved Class A industrial buildings constructed within the past four years, according to that report.

Here are some recent Valley industrial deals that have come through so far in the second quarter.

• Creation Equity acquired a 38-acre site in Avondale for a new technology park project.

The developer paid $18,050,000 on April 20 for the land, which is located right off the I-10 freeway and 117th Ave. Creation purchased it from an entity tracing to Z-Modular, according to real estate database Vizzda.

Creation is planning to build Avondale Tech Center, a three-building, Class A speculative industrial campus totaling about 700,000 square-feet.

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