In September 2021, Harvard Investments and Lincoln Property Companies Desert West, in partnership with Cerberus Capital Management, purchased approximately 565 acres adjacent to the Phoenix Goodyear Airport to build a 7-million-square-foot industrial development. Cerberus Capital Management is the equity partner for Harvard Investments and Lincoln Partners Companies Desert West.

The site is just south of the Phoenix Goodyear Airport on the south side of MC 85 near Estrella Parkway and Bullard Avenue. One of the largest industrial-zoned land parcels remaining in Goodyear’s high-demand industrial market, the site sits near Goodyear Ballpark, Harvard’s FirstStreet at Ballpark Village, and is a direct drive to the entrance to Estrella, a 20,000-acre master-planned community with 8,300 homes built today.

AirPark represents the fourth development partnership with Harvard Investments and Lincoln Properties.

Construction on the first phase is complete and includes more than 1.6 million square feet between six buildings ranging from 81,000 square feet to 775,000 square feet. The first phase was completed in summer 2024 as speculative, with leasing underway. Phase 2-4 with built-to-suit opportunities as the project develops.

The overall project will be built in up to four phases over three to four years, and once completed, the seven million square feet of industrial space will include up to 20 buildings. AirPark will also include about 10,000 square feet of in-line and retail pad opportunities.

Buildings within the park will offer up to 40-foot clear height, multiple points of ingress and egress, private truck courts, and generous parking.

Potential users include data centers, manufacturing, technology, e-commerce and logistics, with AirPark adjacent to a dark fiber line.