Dollar Tree’s 1.2-million-square-foot facility will soon start shipping merchandise to about 700 Dollar Tree stores in Arizona, Colorado, Nevada, New Mexico and Utah. Commercial Search reports the retail giant paid about $147 million for one of the three buildings at the massive logistics park.
Dollar Tree acquired the property at 7200 N. Sarival Ave late last year from Lincoln Property Co. Lincoln developed the three-building facility dubbed Park303. The three buildings have a combined space of 3.8 million square feet.
At Park303, Dollar Tree joins existing tenant Logisticus Group, a third-party logistics firm leasing the 483,300-square-foot Building B. The other existing building at the logistics park is leased to Walmart.
The logistics park includes a unique combination of amenities. Park303 includes an outdoor pickleball and basketball court, along with an outdoor entertainment area with barbecues, overhead fans and seating for employees.
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