In September 2021, Harvard Investments and Lincoln Property Companies Desert West, in partnership with Cerberus Capital Management, purchased 585 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.
The site is one of the largest industrial-zoned land parcels remaining in Goodyear’s high-demand industrial market and sits near Goodyear Ballpark, FirstStreet at the Ballpark, and a direct drive to the entrance to Estrella, a 20,000-acre master-planned community with 7,500 homes built today.
AirPark represents the fourth development partnership with Harvard Investments and Lincoln Properties.
Construction on the first phase is slated to activate in the first quarter of 2022 and will include more than 1.6 million square feet between six buildings ranging from 81,000 square feet to 775,000 square feet. It is expected to be completed by the first quarter of 2023.
The overall project will be built in up to four phases over three to four years and once completed, the 7 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. The first phase will be built as speculative with built-to-suit opportunities as the project develops.
Potential users include data centers, manufacturing, technology, e-commerce and logistics, with AirPark adjacent to a dark fiber line.
The final plat application has been submitted to the city of Goodyear.