Scottsdale, AZ — Kent Circle Partners (Scott Seldin, president and Kevin Miller, senior vice president, acquisitions and development) completes sale of a 99-acre parcel (KCI Goodyear South LLC) located on the NWC corner of Bullard Avenue and Yuma Road, in Goodyear, AZ., for $19.16 million. ($4.44 PSF).
The buyer, Compass datacenters of Dallas, TX., is planning to build a new data center campus on the property. The parcel is the last one located within Centerpoint at Goodyear, an approximately 200-acre master planned business park. In June 2018, KCI Goodyear South LLC sold .75-acres to Arizona Public Service Co. to provide the ability to expand a future substation on Bullard Avenue servicing the robust data center growth in the area.
Tony Lydon and Marc Hertzberg of Jones Lang La Salle Incorporated (JLL) represented both buyer and seller in this transaction with Compass datacenters.
In December 2011, recognizing the area’s access to I-10, Loop 303 and Goodyear Airport, a Seldin entity purchased two 100-acre parcels which were combined to form Centerpoint at Goodyear. KCI Goodyear South LLC is located on the NWC corner of Bullard Avenue and Yuma Road, and KCI Goodyear North LLC is on the SEC corner of Bullard Avenue and Van Buren Street. The KCI Goodyear North LLC parcel was sold in three separate transactions. In February 2015, 8-acres were sold to the City of Goodyear, in September 2018, 43-acres were sold to DBM Ventures of Phoenix, AZ., and in December 2018, the remaining 49-acre parcel was sold to Peak Realty Investments, LLC (Vantage Data Centers) of Santa Clara, CA.