Goodyear AirPark Represents One of LPC’s Best-Located Shovel-Ready Industrial Sites
In a joint venture partnership, LPC Desert West, the Southwest regional office of Lincoln Property Company (LPC), and Scottsdale-based Harvard Investments recently purchased 585 acres in the West Valley submarket for a new class-A industrial development called Goodyear AirPark. Next to the Phoenix-Goodyear Airport, it is one of the last large industrial-zoned parcels remaining in the Goodyear industrial market. It is adjacent to a Dark Fiber line for data center development.
LPC and Harvard will break ground on Goodyear AirPark Phase I in first quarter 2022 to include more than 1.6 million square feet in six buildings ranging from 81,000 square feet to 775,000 square feet. At completion, the park will have the capacity to deliver up to 7 million square feet of industrial up to 20 buildings. It will also offer a 10,000-square-foot retail component.
Cerberus Capital Management is the equity partner for LPC and Harvard. 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 David Krumwiede, senior executive vice president of Lincoln Property Company.
The site has a full utilities infrastructure and is zoned for industrial use. The AirPark is one-quarter mile from a recently constructed Microsoft data center, and near Amazon, UPS, Walmart, Boeing, SubZero, Daimler-Benz, Red Bull and Aldi.
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.
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.