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Schnitzer Properties Starts Work on 295k sf Industrial Project in Goodyear, AZ

6/28/24

Portland-based Schnitzer Properties has started construction on Palm Valley Commerce Center, a 294.8k sf, Class A industrial project in Goodyear, AZ. Located at Auto Drive and 137th Ave in the rapidly expanding Phoenix-Goodyear Airport submarket, Palm Valley Commerce Center will provide highly divisible, leading-edge space for growing businesses.

Upon completion, the project will consist of three buildings offering divisibility ranging from 125.8k sf to 4.7k sf. This makes Palm Valley Commerce Center one of the most adaptable new industrial developments currently underway in the region.

Now under construction with delivery expected in Q2 2025, Palm Valley Commerce Center Building A totals 125.8k sf with 32’ clear height, 135’ truck court, 31 dock-high and six grade-level doors in a rear-load configuration, and 120 auto parking spaces. Building A is divisible to 22k sf.

To expedite move-in, Building A will include comprehensive make ready improvements including LED lighting, warehouse HVAC, 12 pit levelers and 19 edge of dock levelers. It will also offer four completed speculative offices ranging from 1.8k sf to 2.4k sf.

Future construction at Palm Valley Commerce Center will include a 57.7k sf, front-loading Building B and an 11.3k sf, rear-loading Building C.

Building B will offer 22’ clear height, 64’–155’ truck courts, 17 dock high and nine grade level doors, and 102 auto parking spaces. Building C will offer 30’ clear height, 140’ truck court, 35 dock high and 11 grade level doors, and 185 auto parking spaces. Building B will offer divisibility to 4.7k sf and Building C to 5.7k sf.

Palm Valley Commerce Center is located one-half mile from a full diamond interchange at Interstate 10 and Litchfield Road. It sits approximately two miles from the Phoenix-Goodyear Airport, 21 miles from Sky Harbor International Airport. It is a four-and-a-half-hour drive to the Inland Empire and five-and-a-half-hour drive to the ports of Los Angeles and Long Beach.

Willmeng Construction is the general contractor at Palm Valley Commerce Center. VLMK Engineering + Design is the architect. Marc Hertzberg, Riley Gilbert and Kelly Royle with JLL serve as the project’s exclusive leasing brokers.

“Palm Valley Commerce Center offers a highly attractive location, modern amenities and convenient access to a robust local workforce – all critical for a tenant’s seamless operational efficiency,” said Royle. “Combined with this project’s superior divisibility, these factors position Palm Valley Commerce Center as a very symbiotic industrial campus able to successfully support users of all types and sizes.”

According to JLL’s Q1 2024 Phoenix Industrial Report, demand continues to push metro Phoenix industrial rent growth, with rents rising 2.4% quarter-over-quarter in a market where nearly 40% of newly delivered product is already pre-committed. Metro Phoenix recorded 2.9 msf of net industrial absorption during Q1 2024, with tenants expected to take occupancy on an additional 4 msf of newly leased space in Q2 2024.





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