 |
| Anthony J. Lydon |
PHOENIX,
AZ – On behalf of Evergreen Devco Inc. and Evergreen-Apache & Southern LLC
(Evergreen), the Phoenix office of JLL has completed the sale of 77 acres of
land in Buckeye, Arizona to Cardinal IG Companies (Cardinal IG).
Cardinal
IG will develop a 250,000-square-foot, build-to-suit advanced glass
manufacturing facility at the site. The project will bring 100 new jobs to the
City of Buckeye.
Cardinal
IG is a wholly-owned subsidiary of Cardinal Glass Industries, a leading glass
manufacturer with more than 6,000 employees and 37 manufacturing locations
across the U.S.
Its new custom built, sate-of-the-art manufacturing facility in
Buckeye will produce high-quality, energy efficient insulating glass for
residential window and door companies across the globe.
The
development is expected to generate nearly $90,000 of direct annual revenue to
the city, not including the indirect and induced positive fiscal impacts to the
city of approximately $5 million over 20 years.
“This
is Buckeye’s first significant industrial employment investment since 1992,”
said JLL Managing Director Anthony J.
Lydon, who along with JLL Managing Director Marc Hertzberg represented Evergreen in the land sale. “It was a
perfect mix of a prime location and Buckeye’s 2015 decision to waive the
municipal sales tax for energy to qualifying manufacturers.”
 |
| Marc Hertzberg |
“The
combination will return mutual benefits for Cardinal IG and the City of Buckeye
for decades,” said Hertzberg.
Buckeye
Mayor Jackie Meck agreed that the
land sale is a pivotal one for the city.
“This is a great company that Buckeye
can partner with for many years, and it will provide great jobs for our
residents,” Meck said. “I also hope that having Cardinal select Buckeye for
locating its operations here will kick-start other manufacturing development in
our city.”
The
new Cardinal IG site is located just south of the southeast corner of Apache
Road and Southern Avenue, approximately three miles south of Interstate 10 and
three miles east of Highway 85 in Buckeye, Arizona.
Situated
just north of the city’s historic downtown, the site is part of 152 acres
controlled by Evergreen and marketed by JLL. Lydon and Hertzberg continue to
market a remaining 75 acres for Evergreen on the direct southeast corner of
Apache and Southern, and located immediately north of the Cardinal IG site.
For a complete copy
of the company’s news release, please contact:
Stacey
Hershauer
focusAZ
Marketing
& Public Relations
(480)
600-0195
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