Procter & Gamble Co. has acquired 430 acres in Coolidge, Ariz., for the development of a new industrial property to support the consumer goods company’s portfolio of fabric care products. P&G will invest $500 million to develop the 2 million-square-foot manufacturing facility in the suburban Phoenix city. The facility is expected to be the site of 500 new jobs.

Recently, P&G acquired the development site from Pinal Land Holdings LLC in a transaction valued at approximately $53.4 million. The acreage is located near Highway 87 and Arica Road within the 2,700-acre Inland Port Arizona industrial park, a rail-served mega site roughly 60 miles south of Phoenix.

Although it’s early in the process, a lot has already happened in preparation for the facility. On December 7, 2022, the Pinal County Board of Supervisors approved a public roadway construction and participation agreement between the county and the city of Coolidge to accommodate P&G’s planned facility. If all goes as planned, P&G will commence development later in 2023.