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| Goodyear AirPark, Goodyear, AZ |
GOODYEAR, AZ – In a joint venture partnership, LPC Desert West, the Southwest regional office of Lincoln Property Company (LPC), and Scottsdale-based Harvard Investments have purchased 585 acres in metro Phoenix’s West Valley submarket for a major new, Class A industrial development called Goodyear AirPark.
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| Greg Vogel |
It also sits immediately adjacent to a Dark Fiber line,
making it highly attractive for data center development – a market sector in
which Phoenix ranks as a U.S. leader.
LPC and Harvard will break ground on Goodyear AirPark Phase I in
Q1 2022, to include more than 1.6 million square feet of space in six buildings
ranging from 81,000 square feet to 775,000 square feet.
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| David Krumwiede |
At completion, the park will have the capacity to deliver up to 7 million square feet of industrial space in as many as 20 buildings.
It will also offer a retail component, providing approximately 10,000 square feet of in-line and retail pad opportunities.
Cerberus Capital Management is the equity partner for LPC and
Harvard on the project. Greg Vogel of Land Advisors represented the land
seller, Sun MP.
“Goodyear AirPark represents one of the all-time most well-located
and amenitized, shovel-ready industrial sites in LPC’s Desert West portfolio,
happening at a time when demand for modern industrial product has never been
higher,” said Lincoln Property Company Senior Executive Vice President David
Krumwiede.
Craig Krumwiede
“It is also the fourth partnership with my brother, Craig
Krumwiede, and Harvard Investments –a proven partner with whom LPC has
delivered multiple landmark metro Phoenix developments.”
The Goodyear AirPark site is generally bounded by Estrella
Parkway, Bullard Avenue and State Route MC 85, a high-volume east/west trucking
route connecting Goodyear with Mexico.
“Goodyear has become a live-work magnet, attracting residents and companies from across the region and nation,” said Harvard Investments President and CEO Craig Krumwiede.
The architect for Goodyear AirPark is Butler Design Group. The general contractor is yet to be selected. LPC Desert West will direct all leasing and property management.
To discuss leasing, investment or property management
opportunities with Lincoln Property Company in the Desert West region, please
call David Krumwiede or John Orsak at (602) 912-8888.
Contact:
Stacey Hershauer
480.600.0195
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