Plans have been announced for the creation of a new industrial park that could include around 7 million square feet of facility space near the busy Phoenix Goodyear Airport.
An undertaking with several partners, including Harvard Investments and LPC Desert West, the project will see the construction of an initial half dozen buildings ranging in size from 81,000 square feet to some 775,000 square feet.
To be built in phases, with construction set to launch early next year, what is being called the Goodyear AirPark could ultimately include as many as twenty buildings featuring up to 40-foot clear heights and truck courts.
Based in Phoenix, LPC Desert West focuses on industrial and retail projects and has, during its nearly six decades of operations, developed some 132 million square feet of such space.
Harvard Investments of Scottsdale is a long-standing firm with an emphasis on residential communities.
The industrial park site was purchased by the two companies for $72.5 million.
Goodyear is located just under 20 miles to the west of Phoenix. According to reports, the demand for industrial space is reaching new highs throughout that metropolitan area.
The Goodyear AirPark may be fully built out over a period of some four phases, with the first phase expected to see completion by the spring of 2023.
By Garry Boulard
