American Realty Seizes on Goodyear Logistics Center’s Prime Location
American Realty Advisors (ARA) recently acquired Goodyear Logistics Center, a class-A industrial asset located in Goodyear, AZ. The 901,700-square-foot manufacturing/logistics warehouse is located on 50 acres in the Southwest Valley submarket within the Phoenix MSA.
Goodyear Logistics Center is located in a Magnet Foreign Trade Zone, which will allow for an estimated 73 percent personal and real property tax savings for qualifying tenants. No other West Coast building of more than 500,000 square feet is designated as a Magnet Foreign Trade Zone property.
Its location in the West Coast trade hub also enables a distribution network capable of reaching more than 35 million people within a 24-hour drive time and provides an attractive cost alternative to tenants seeking suitable industrial space in more expensive coastal markets.
“Investing in this top-quality core asset located in one of the most dynamic markets on the West Coast is well-aligned with our strategy to target industrial assets that are positioned for strong performance over time,” says Austin Maddux, executive vice president, deputy portfolio manager at ARA. “Goodyear Logistics Center is situated in a submarket widely known for its institutional quality assets and top-tier tenants.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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