Updated Mar 23, 2026
Prologis Acquires Industrial Asset From Pizzuti Cos & Heitman For $104 Million In Glendale
6801 North Cotton Lane
$104,000,000
$113/SF
Building Size
915,160 SF
Asset Type
Industrial
Closing
Mar 23, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 6801 North Cotton Lane, Glendale, AZ. The sale was completed for a total of $104,000,000, translating to approximately $114 per square foot for the 915,160 square feet of the Cotton 303 Logistics Center.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $104,000,000
- Square Footage: 915,160
- Price Per Square Foot: $114
- Buyer: Prologis
- Seller: Pizzuti Cos & Heitman
- Date of Sale: 03/23/2026
- Market: Glendale, AZ
The transaction was facilitated through Cushman & Wakefield, acting on behalf of the seller, Pizzuti Cos & Heitman. Prologis has successfully acquired the property, adding to its portfolio in the Glendale industrial market.
On the Map
$104,000,000
$113/SF
Industrial
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Players
Litchfield Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93