JLL selected as exclusive leasing brokers for VB/143 in Goodyear, Arizona

PHOENIX, Arizona – New York-based Foundation Capital Partners (FCP) and Chicago-based Baker Development Corporation (BDC) have broken ground on a two-building, Class A industrial project called VB/143. Located in the heart of Goodyear, Arizona, the project sits within a foreign trade zone magnet site, allowing for reduced real and personal property taxes and reduced or eliminated duty, tariff and U.S. customs reporting costs.

The joint venture has named JLL Managing Directors Anthony Lydon and Marc Hertzberg, and Vice President Riley Gilbert, as the project’s exclusive leasing brokers.

“We are excited to have picked the Southwest Valley and Goodyear, in particular, as our foray into the greater Phoenix industrial market,” said Daniel J. Slack, Principal with BDC. “The business-friendly environment propagated by the City of Goodyear and the Greater Phoenix Economic Council, coupled with a continued market momentum characterized by a flight to quality from companies fleeing neighboring states, was hard to ignore.”

“The delivery of VB/143 comes at a time when many companies are reevaluating their business plans to accommodate for unforeseen trade policy shifts,” said Lydon. “In this environment, VB/143 provides a modern, interstate-oriented supply chain solution with the protection of a Foreign Trade Zone, which can be a critical benefit for operations that are vulnerable to economic events such as rising regulations or tariffs.”

Located on the southeast and southwest corners of 143^rd Avenue at Van Buren Street, VB/143 includes a 213,000-square-foot cross-dock building and a 112,000-square-foot rear loading building.

The project offers divisibility down to 30,000 square feet and includes all of the modern industrial amenities such as 36’ clear height, secured concrete truck courts, insulated dock doors, energy efficient clerestory windows, robust power, trailer drops, public transportation and outdoor employee amenity spaces.

VB/143 sits within Goodyear Gateway South, a Class A masterplanned industrial park, less than one mile to a full interchange at I-10 and Bullard Avenue, just north of Phoenix Goodyear Airport.

The general contractor for VB/143 is Layton Construction Company. Butler Design Group is the architect. The project is scheduled for completion by fourth quarter 2019.

MESA, Ariz. –  Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Salad and Go, a 677-square-foot triple-net-leased property located in Mesa, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1.4 million.

Mark Ruble, Jamie Medress and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a private investor, was procured by Jonathan Eckerd, another investment specialist in the firm’s Phoenix office. According to Eckerd, the highly desirable property went under contract after just five days on the market. “By utilizing the firm’s brokerage platform, we were able to find a local buyer familiar with the business that really believes in the concept of fresh, healthy fast food,” Eckerd explained. “They plan to hold the property for the consistent cashflow that this rapidly-growing Arizona brand can provide.”

Salad and Go is located at 5259 East Brown Road in Mesa, Arizona. The property was built in 2015 on 0.71 acres of land on the southeast corner of East Brown Road and North Higley Road, an intersection that sees over 42,000 vehicles per day.

Award recognizes homebuilders that promote safe, healthy and comfortable indoor environments

SCOTTSDALE, Ariz. – Maracay, a wholly owned company of the TRI Pointe Group (NYSE: TPH), has been recognized by the U.S. Environmental Protection Agency (EPA) as a recipient of the 2019 Indoor airPLUS Leader Award.

The annual award recognizes market-leading homebuilders and raters that promote safer, healthier, and more comfortable indoor environments by participating in the EPA’s home labeling program, utilizing the Indoor airPLUS brand in their marketing efforts, and educating the general public about the enhanced indoor air quality protections they offer to new home buyers.

“This honor is a testament to Maracay’s commitment to healthy and sustainable living,” Maracay President Andy Warren said. “We began building all Energy Star® certified homes over a decade ago and continue to embrace the highest standards in green building through programs such as Indoor airPLUS to ensure Arizona families have a sustainable, healthful and energy-efficient new home to make memories of a lifetime in.”

Indoor airPLUS was created on the foundation of the EPA’s ENERGY STAR Certified Homes Program and encourages builders and raters to go further with construction practices to help minimize exposure to airborne pollutants and contaminants. Homes that earn this label offer superior comfort, durability, indoor air quality and peace of mind for their home buyers.

“Every year our program looks forward to learning more about the great work our Indoor airPLUS partners do on a daily basis. We are especially impressed by the work of the ten Leader Award Winners this past year,” said David Rowson, director of EPA’s Indoor Environments Division. “The 2019 Leader Award Winners continue to deliver comprehensive indoor air quality protections with Indoor airPLUS-labeled homes around the country, while utilizing the Indoor airPLUS brand to educate the public. On behalf of the EPA, I extend our congratulations to these deserving organizations and thank them for their continued effort in constructing a healthier America.”

For more information on Maracay and its commitment to Indoor airPLUS qualified homes, visit www.maracayhomes.com. To learn more about the 2019 Indoor airPLUS Leader Awards or the Indoor airPLUS Program, visit https://www.epa.gov/indoorairplus