Prologis acquires Phoenix-area logistics center for $104 million Article originally posted on CoStar on April 2, 2026 Industrial REIT purchases 915,160-square-foot distribution building in Glendale Industrial real estate investment trust Prologis has acquired Cotton 303 Logistics Center in Glendale, Arizona, from Heitman for $104 million, or approximately $114 per square foot. The distribution building at 6801 N. Cotton Lane totals 915,160 square feet and was built in 2022. The property is fully leased to Cubework, which has occupied the building since February 2023, according to CoStar data. The facility’s location along Loop 303 and Northern Parkway provides connectivity to Phoenix Sky Harbor International Airport, Interstate 10 and the Ports of Los Angeles and Long Beach. For the record Will Strong, Molly Miller, Jack Stamets, Madeline Warren and Michael Matchett of Cushman & Wakefield represented the seller in the transaction.