Making the News

Phase 1 of $360M, 7M SF Goodyear AirPark breaks ground

Phase 1 of $360M, 7M SF Goodyear AirPark breaks ground

Source: AZ Big Media

Lincoln Property Company’s Southwest division, LPC Desert West, and Scottsdale-based Harvard Investments joined today with the City of Goodyear and project stakeholders to break ground on the Phase One of Goodyear AirPark.

Located on 565 acres adjacent to the Phoenix-Goodyear Airport in Goodyear, Arizona, the Class A industrial development at build-out will total 7 million square feet and up to 20 buildings, with access to enough data and fiber to power NASA.

Phase One of the project totals 1.6 million square feet in six buildings ranging from 81,000 to 775,000 square feet. Targeting mid- and large-scale users, the buildings will offer up to 40’ clear height, multiple points of ingress and egress, private truck courts and generous parking.

“The city of Goodyear is thrilled to see the growth and the investment in our community,” said Mayor Joe Pizzillo. “Lincoln Property Company and Harvard Investments have a solid track record for success and are known for their expertise and award-winning developments, which ultimately will bring high-quality jobs to our residents and more retail opportunities south of MC85.”

“Goodyear AirPark sits on one of the last remaining large, industrial-zoned land sites in Goodyear, which is the second-fastest growing city on our state and the ninth fastest growing city in the nation,” said Lincoln Property Company Senior Executive Vice President David Krumwiede. “We’re excited to partner with Harvard on yet another development project, where we can build to meet the needs of this growth.”

“The shovel-ready, infrastructure-ready condition of this site has given us tremendous speed-to-market,” added Harvard Investments President and CEO Craig Krumwiede. “There are so many industries seeking Class A industrial space in Phoenix and ready to generate well-paying jobs here, in sectors from logistics to data centers. This project will give them that opportunity.”

Goodyear AirPark sits directly south of Phoenix-Goodyear Airport, approximately three miles south of Interstate 10 and at the entrance to the 20,000-acre, award-winning Estrella Mountain Ranch master-planned community. It is also minutes from the Goodyear Ballpark, the spring training home for the Cincinnati Reds and Cleveland Guardians.

It is generally bounded by Estrella Parkway, Bullard Avenue and State Route MC 85, a high-volume east/west trucking route connecting Goodyear with Mexico.

The park also sits immediately adjacent to a dark fiber line, making it highly attractive for data center development. World-class global neighbors include Microsoft, Amazon, UPS, Walmart, Boeing, SubZero, Daimler-Benz, XPO Logistics, Red Bull and Aldi.

Cerberus Capital Management is the equity partner for LPC and Harvard on the project. The architect for Goodyear AirPark is Butler Design Group. The general contractor is Stevens-Leinweber Construction. LPC Desert West will direct all leasing and property management.

To discuss leasing, investment or property management opportunities with Lincoln Property Company in the Desert West region, please call David Krumwiede or John Orsak at (602) 912-8888.