Land Advisors Organization facilitated the multi-million transaction, representing the seller at the 1,064-acre Pinal County Tech Park.

Scottsdale, Ariz. – Land Advisors Organization is pleased to announce it recently closed on 206 acres, representing the seller, at the 1,064-acre Pinal County Tech Park in Casa Grande, Arizona. The buyer, Kohler Co., a global leader in kitchen and bath products, announced it will build a greenfield plumbing products manufacturing facility, ancillary warehouse, and office space on the site.

Land Advisors Organization’s advisors Kirk P. McCarville, CCIM, and Pinal County Specialist Trey Davis represented the seller, Pinal County Tech Park. The multi-million capital investment comprises a total of approximately 1 million square feet, with room for future expansion. The facility will bring more than 400 new full-time jobs to the area.

The first 400 acres at the rail-served industrial Pinal County Tech Park have now closed – 216 acres to Kohler Co., 100 acres to Walbridge Construction, and 84 acres to Cheng Chun Chemical Products.

“Facilitating this deal, knowing that it will bring good jobs to Casa Grande residents, and important tax revenue to our community make it incredibly rewarding,” said McCarville. “Bringing in another nationally recognized name like Kohler has created even more interest by other manufacturers and suppliers looking to re-shore or expand their facilities. Economic development efforts by our city and county leaders are paying off, and companies are seeing that Casa Grande has the infrastructure they need as well as affordable housing and great schools that their employees need.”

Kohler will produce its high-growth lines of STERLING Vikrell bath and shower fixtures – popular among large single-family homebuilders and multifamily developers, and retail big box stores – to support increasing customer demand. The facility will also serve as a distribution center for these products, to best serve Kohler’s growing customer base in the Western U.S. with reduced lead times and delivery efficiency.

Set to be operational by August 2023, Kohler’s new manufacturing facility will incorporate smart factory elements and cutting-edge production technology. The facility will also incorporate key sustainability measures to reduce greenhouse gas emissions, water, and solid waste. Several alternate energy strategies are also being evaluated.

Once completed, the site in Casa Grande will be Kohler’s second Vikrell production facility, joining Kohler’s existing eastern facility in Huntsville, Alabama.

Pinal County Tech Park is a two phase, ±1,064-acre, rail-served industrial park. With its proximity to the TSMC semiconductor factory and Intel expansion plus Lucid Motors and Nikola, the Pinal County Tech Park has received a tremendous amount of interest from the semiconductor supply chains and the Tier 1 and Tier 2 electric vehicle manufacturer suppliers.

PIMA COUNTY, ARIZONA – If you’re new to the sport of shooting, Pima County Natural Resources, Parks and Recreation invites you to attend First Shots, a free beginner’s course, on Saturday, March 19, at the Southeast Regional Park Shooting Range, 11296 S. Harrison Road.

At First Shots, novice shooters have the opportunity to learn from certified coaches and experienced shooters about the safety protocols associated with shooting handguns and rifles.

First Shots is organized by the WildGats, a collegiate shooting team for the Scholastic Action Shooting Program at the University of Arizona, in collaboration with NRPR’s Shooting Sports Program.

“The goal is to teach individuals who are new to shooting sports how to handle and use firearms in a safe, effective and responsible way,” said Shooting Sports Program Director Cliff Gyves.

Classes begin at 8:30 a.m., 10 a.m., and 11:30 a.m. To register for a slot, visit the WildGats First Shots registration page. Pre-registration is preferred, and minors must be accompanied by an adult.

The Pima County Shooting Sports Program also operates two other rifle and pistol ranges, two archery ranges and a shotgun clay target center.

Learn more at www.pima.gov/shootingsports.

JLL Capital Markets arranged the loan for Kentwood Ventures 249,600-SF distribution, R&D and light manufacturing project

PHOENIX, ARIZONA – JLL Capital Markets announced Monday that it has arranged $22.75 million in construction financing for the development of Verrado – 10 Industrial, two state-of-the-art, speculative industrial facilities totaling 249,600 square feet of premier distribution, R&D and light manufacturing space in the western Phoenix-area community of Buckeye, Arizona.

JLL worked on behalf of the borrower, Kentwood Ventures, to place the five-year (inclusive of extensions), floating-rate construction loan with CIBC Bank USA.

Verrado – 10 Industrial’s strategic location on 18.68 acres at the southwest corner of West Roosevelt Street and North Verrado Way provides future tenants immediate access to Interstate 10 and proximity to AZ Loop-303, which will enable connectivity to anywhere within the Phoenix MSA in under one hour and to major West Coast markets such as Albuquerque, Las Vegas, San Diego, Los Angeles and El Paso within a one-day drive and, in some cases, allow for same-day round-trip deliveries. Additionally, Buckeye is positioned within the CANAMEX Corridor, which, when completed between 2030 and 2040, will enable Interstate 11 to pass through Buckeye, creating critical supply-chain infrastructure linking Canada and Mexico.

With an anticipated completion date of March 2023, Verrado – 10 Industrial will be constructed with the state-of-the-art features modern distribution, light industrial and R&D tenants seek such as a rear-load configuration, 28-foot clear heights, 32 drive-in doors and ample parking. The project is situated in Phoenix’s West Valley Industrial submarket, which, according to JLL Research saw a substantial increase year-over-year for direct asking rent, and vacancy is at a low 7.6 percent at the end of the fourth quarter of 2021.

The JLL Capital Markets Debt Placement team representing the borrower was led by Director Jason Carlos and Analysts Jarrod Howard and Joe Torkelson.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.