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Demand spurs speculative development for final phase of four-building ViaWest industrial park
(Rendering provided by Stevens-Leinweber Construction)
This artist rendering shows the upcoming Goodyear Crossing Industrial Park Phase 2, which broke ground on construction this week.
Posted
Special to Independent Newsmedia
The city of Goodyear broke ground on the final phase of ViaWest’s Goodyear Crossing Industrial Park.
The partnership between the city, ViaWest Group, and Stevens-Leinweber Construction is a Class A industrial development at the southwest corner of Sarival Avenue and West Elwood Street, just southwest of Phoenix-Goodyear Airport.
This is the fourth and final building that ViaWest will develop at the project, which at completion will total four buildings and almost 500,000 square feet. Like the other buildings within Goodyear Crossing Industrial Park, the 86,875-square-foot Phase II offers a design intended to fill the gap in metro Phoenix’s mid-size industrial inventory.
Based on the developer’s confidence in the local industrial market, Phase II is being developed on a speculative basis.
"Goodyear Crossing Phase I was designed to address the growing demand for top-tier industrial facilities in the Valley, catering to smaller enterprises seeking the advantages of having their own free-standing building," ViaWest Group Vice President of Investment and Development Alex Boles shared in a press release. "Our foresight was confirmed by the swift lease-up of all three Phase I buildings, pre-committed even before construction was finalized. This triumphant achievement emboldened us to embark on Phase II as a forward-thinking venture."
Goodyear Crossing Industrial Park Phase I totals 415,000 square feet. By September 2022, all three buildings were pre-leased. They are now completed and fully occupied by four national and global tenants: Paramount Global Surfaces; BC Recycling Asset Recovery Solutions; R Restoration LLC; and Georg Fischer.
Goodyear Crossing Phase II sits within an Opportunity Zone, offering capital gains tax incentives. It is located approximately three miles south of Interstate 10 and the Loop 303 interchange, and immediately north of State Route MC 85. It is a six-hour drive to the Port of Los Angeles.
Construction on Phase II is now underway, with completion anticipated by summer 2024.
Stevens-Leinweber Construction serves as the general contractor for the project. The design architect is McCall & Associates, and the construction architect is K & I Architects & Interiors. Kaeko is the civil engineer.
