Dallas-based Lincoln Property Company (LPC) and Carefree Partners of Phoenix are collaborating to attract corporate design/build projects to a major new, multi-employer 267 acre business park named Goodyear AirPark in Goodyear, AZ.

The announcement comes on the heels of a joint venture formed between LPC and property owner Carefree Partners Investments. LPC will be the project’s design-build developer, based on the firm’s national scope, local office accessibility and ability to deliver an array of high-end design-build products. Jones Lang LaSalle Managing Directors Anthony J. Lydon, SIOR, and Marc Hertzberg, SIOR, serve as the project’s exclusive marketing coordinators.

The project, at build-out, has the potential to add approximately 4,000 new jobs to the market.

“We’re on the front end of the next wave of industrial building,” said Lincoln Property Company Executive Vice President David Krumwiede. “It is the opportune time to capture employer interest and make very big, very positive, very lasting contributions to the Valley’s job growth.”

“Goodyear is the Valley’s gateway from Southern California. Employers seeking new space solutions in Arizona can take advantage of our 30 to 40 percent operational cost savings, and the 267 acres of shovel-ready land that Goodyear AirPark provides to respond to their demand,” said Lydon. “LPC also has the financial and construction expertise to build exactly what corporate employers need, whether it is office, industrial, flex or research space. That gives us tremendous leverage toward our mission: to attract businesses that will provide long-term value to the greater West Valley market.”

According to JLL, only 10 percent of Goodyear’s 189 square miles is currently developed, offering significant opportunity for site selection and design-build activity. Current nearby industrial employers include Amazon, Macys, SubZero, Cancer Treatment Centers of America and Dick’s Sporting Goods.

Goodyear AirPark is located just south of the southwest corner of Litchfield Road and the newly widened Highway 85, directly south of the Goodyear Airport. Its 267 acres include flexible/divisible lot sizes with Highway 85 frontage and direct access to I-10 (via the I-10 reliever highway), a bicoastal, federal corridor that serves as the metro area’s main transportation artery. The site is also in close proximity to I-8 and the proposed Loop 202 and under constructionLoop 303 freeways.

Goodyear AirPark offers variable zoning and is Foreign Trade Zone capable, which translates into a potential 75 percent reduction in real property tax and personal property (equipment) tax and duty deferral or elimination.

Lydon can be reached at (602) 282-6268 and Hertzberg should be contacted at (602) 282-6269.

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Citing continued strong investor interest and robust leasing activity among smaller users, the Phoenix office of Jones Lang LaSalle (JLL) has sold the Bullard Goodyear Commerce Center, a six-building, 182,496-square-foot flex industrial property in Goodyear, AZ sold for $12.6 million ($69 PSF).

Jones Lang LaSalle Associate Riley Gilbert, along with Jones Lang LaSalle Managing Directors Anthony J. Lydon and Marc Hertzberg, managed the property’s sale on behalf of the seller, a wholly owned subsidiary of The Guardian Life Insurance Company of America.

Prior to the property sale, JLL led an aggressive 30-month leasing campaign that inked more than 100,000-square-feet in new leases. The commitments brought the industrial development from less than 30 percent occupied to more than 85 percent occupied, with 35 tenants and well positioned for sale.

“These were predominantly small bay deals—the mom-and-pop and regional users that survived the downturn and are now back in the market, creating demand and filling vacant space,” said Gilbert. “This activity turned an already well located project into an equally well occupied one, with limited direct competition and tremendous upside potential based on a proven trend of consistency.”

According to Gilbert, much of this activity is the result of a rebounding homebuilder market and the exponential growth of the West Valley, including neighboring Buckeye, which was the ninth fastest growing community in the nation in 2012.

Located at 500-600 N. Bullard Ave. in Goodyear, the Bullard Goodyear Commerce Center encompasses six office/warehouse buildings totaling 182,496-square-feet on 14.35 acres. Amenities include 20 ft. clear heights, community truck wells, PAD zoning within the City of Goodyear and access to a full diamond interchange at I-10 and Bullard Avenue. The space offers divisibility from a minimum of 2,493 square feet.

“This project provides smaller-scale lease opportunities in a market dominated by large-scale users,” said Gilbert. “That makes for a unique and valuable asset that is located in the middle of a tremendous amount of planned growth.”

Gilbert, Lydon and Herzberg should be contacted at (602) 282-6300.