Introduction to Glendale’s New Industrial Condo Facility
The city of Glendale is slated to receive a new business park with small-bay industrial condominiums.
MG Business Park, a new development from the Mangat Group, is expected to begin construction early next year and offer units ranging in size from 1,440 to 14,700 square feet, the Phoenix Business Journal reported. The industrial condos will rise at the southeast corner of Glendale Avenue and New River Road.
Background and Previous Plans
Mangat Group previously planned to build a luxury storage facility at the site named MG Storage Condos; that property would have housed luxury vehicles like boats, recreational vehicles and classic cars. Mangat has since abandoned those plans.
The New Development
The new development will purportedly better meet the needs of the local market, company founder Tony Mangat told the Business Journal. It will be located on an 8.5-acre site that’s part of 17 acres Mangat owns. The project is making its way through the design review process now.
Features and Availability
The site will include 36 units in five buildings totaling more than 84,000 square feet. Interested buyers can purchase units at pre-sale now with options ranging from $325 to $350 per square foot. Owners can opt for either shell delivery or spec offices catering to industries like manufacturing, warehousing and distribution.
Target Market and Sales
The industrial condos are designed with small to midsize businesses in mind. Units at MG Business Park units are listed for sale by Brett Ranta and Jordan Tennant with Scottsdale-based Orion Investment Real Estate.
Future Development Plans
Mangat’s adjacent 9 acres could also be developed at some point in the future, though details on what that could be remain light.
Construction Timeline
Construction is slated to begin at the end of March with the industrial condos expected to be available by the end of next year.
Mangat Group’s Presence in Greater Phoenix
In total, Mangat Group owns about 1,000 acres in Greater Phoenix. Besides the MG Business Park, Mangat also plans to build a sports complex in Glendale with soccer and field hockey facilities; that project is in its early stages.
Related News
Read more
Miracle-Gro plants roots with Phoenix’s biggest industrial lease of 2025
Industrial market booms across Greater Phoenix
Prologis pays record $184M to buy 170-acre logistics center near Phoenix
Conclusion
The new industrial condo facility in Glendale is expected to provide a much-needed boost to the local market, catering to small to midsize businesses in the area. With its strategic location and flexible unit options, MG Business Park is poised to become a hub for industries like manufacturing, warehousing, and distribution.
FAQs
Q: When is the construction of MG Business Park expected to begin?
A: Construction is slated to begin at the end of March.
Q: How many units will the facility have?
A: The site will include 36 units in five buildings totaling more than 84,000 square feet.
Q: What is the price range for the units?
A: Interested buyers can purchase units at pre-sale now with options ranging from $325 to $350 per square foot.
Q: What types of industries will the facility cater to?
A: The industrial condos are designed to cater to industries like manufacturing, warehousing, and distribution.
