Western Retail Advisors completes $18 million, 38-acre land transaction for milestone project
AVONDALE, AZ (April 24, 2026) — Phoenix-based retail brokerage specialist Western Retail Advisors (WRA) has completed an $18,050,000 land transaction in Avondale, Arizona, that will usher in the anticipated start of Avondale Tech Center.
The land seller is Z-Modular, a development company specializing in high-quality, steel-framed modular buildings. The land buyer is Creation Equity, a Phoenix-based real estate development and alternative investment firm. WRA brokers Jake McClaughry and Brian Gausden represented both the buyer and seller.
The site is part of approximately 70 acres that Z-Modular purchased in 2021 for a multifamily development called FLATZ 623. Slated for delivery in May 2026, FLATZ 623 will include upscale studio, 1, 2, and 3-bedroom apartments and a range of high-end amenities.
Avondale Tech Center will sit on an adjacent 38 acres at the northeast corner of Corporate Drive and 117th Avenue, less than one mile south of Interstate 10. At completion, it will total 699,672 square feet of industrial space in three buildings: a 254,264-square-foot Building A, 233,224-square-foot Building B, and 212,184-square-foot Building C.
“Once Z-Modular determined the scale of FLATZ 623, they tasked us with finding the right buyer for the balance of their site,” said McClaughry. “We procured over 10 offers on the land, with Creation ultimately emerging as the best path forward. We have a great relationship with both of these parties and look forward to what we know will be two very successful, market appropriate new developments for Avondale.”
According to the City of Avondale, Avondale Tech Center has the potential to generate an estimated $30 million in direct tax revenue and create up to 1,000 jobs over the next 10 years.
Creation is slated to break ground on Avondale Tech Center in Summer 2026. LGE Design Build is the project architect and general contractor.
One of metro Phoenix’s fastest-growing cities, Avondale is rapidly expanding with new office and industrial development, the BLVD mixed-use district, and new residential communities and municipal amenities. It sits in the Southwest Valley submarket, where industrial vacancies have dipped into the 2% range, with nearly 3 million square feet absorbed in the first quarter of 2026.