After construction slowdown, VanTrust plans spec 1M-SF industrial project in Glendale at Northern Ave and Reems Rd

  • 9/3/2025

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After a slowdown in the construction of large-scale industrial buildings, one developer is moving ahead with a 1-million-square-foot building near Loop 303 in Glendale.

VanTrust Real Estate bought the 66-acre site near Northern Avenue and Reems Road in 2023. But the company did not immediately move forward with construction because at the time there were nine buildings of about 1 million square feet already on the market, Jenna Borcherding, senior real estate director for VanTrust, said.

VanTrust Real Estate
Keith Earnest | EVP, Development-Southwest/Mountain West
VanTrust Real Estate
Derek Flottum | Senior Director, Development-Phoenix

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