Panattoni Receives $58.7M Refinancing for Northern Parkway Logistics Center in Glendale, Arizona
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- Disclosed industrial deal value tracked in November 2026: $498.4M across 11 reported transactions. All Industrial coverage →
- 5 stories mentioning Panattoni on the wire in the past 90 days. Panattoni coverage →
Computed from Real Estate Trail’s own tracked coverage
GLENDALE, ARIZ. — Panattoni Development Co. has received $58.7 million in refinancing for Northern Logistics Center, a Class A industrial portfolio in Glendale. Jason Carlos, Frank Choumas, Ross Jorgensen and Andrew M…
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