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ViaWest Group Picks Up 26 Acres in Arizona for Industrial Development

11/18/19

ViaWest Group recently purchased a 25.91- acre parcel in Goodyear, AZ for $4.55 mil. The property, located at the southwest corner of Elwood St and Sarival Ave, was acquired in a joint venture with a Philadelphia-based investment company.

The land is zoned for industrial use and will be developed into three industrial buildings totaling approximately 410k sf of space. The buildings will be 284.3k sf, 58.5k sf and 67.5k sf in size. All buildings are intended to be single- or multi-tenant use with modern, state-of-the-art specifications. Construction is set to begin in March 2020 with a delivery in early 2021.

The site is located 3.2 miles south of a full-diamond interchange at Cotton Lane and I-10, less than a mile from the future Loop 303 southern extension, and is directly adjacent to buildings occupied by large industrial tenants such as Amazon and Macy's.

Allen Lowe with Lee & Associates represented both the buyer and the CA-based seller, RADOS Properties-Arizona Land LLC, in the transaction.

“The rapidly expanding Goodyear industrial market is a strategic location for a long-term investment.” said Gary Linhart, Founding Partner at ViaWest Group.

“The investment by ViaWest is further evidence of the confidence developers have in Goodyear, where tenants see a great place for business, quality of life, and expanded housing options for their employees,” said Goodyear Mayor Georgia Lord. “The small to mid-sized speculative buildings will provide quick-to-market solutions for a diversity of businesses.”





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