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September 19, 2019
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Class A Industrial Project Started in Goodyear, AZ

9/03/19

New York-based Foundation Capital Partners (FCP) and Chicago-based Baker Development Corporation (BDC) have broken ground on a two-building, Class A industrial project called VB/143. Located in the heart of Goodyear, Arizona, the 325k sf project sits within a foreign trade zone magnet site, allowing for reduced real and personal property taxes and reduced or eliminated duty, tariff and U.S. customs reporting costs.

Located on the southeast and southwest corners of 143rd Ave at Van Buren St, VB/143 includes a 213k sf cross-dock building and a 112k sf rear loading building.

The project offers divisibility down to 30k sf and includes all of the modern industrial amenities such as 36’ clear height, secured concrete truck courts, insulated dock doors, energy efficient clerestory windows, robust power, trailer drops, public transportation and outdoor employee amenity spaces.

VB/143 sits within Goodyear Gateway South, a Class A masterplanned industrial park, less than one mile to a full interchange at I-10 and Bullard Avenue, just north of Phoenix Goodyear Airport.

The joint venture has named JLL’s Anthony Lydon, Marc Hertzberg and Riley Gilbert as the project’s exclusive leasing brokers.

“The delivery of VB/143 comes at a time when many companies are reevaluating their business plans to accommodate for unforeseen trade policy shifts,” said Lydon. “In this environment, VB/143 provides a modern, interstate-oriented supply chain solution with the protection of a Foreign Trade Zone, which can be a critical benefit for operations that are vulnerable to economic events such as rising regulations or tariffs.”

The general contractor for VB/143 is Layton Construction Company. Butler Design Group is the architect. The project is scheduled for completion by fourth quarter 2019.




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