By Lesley Wright
The Republic
Charlie Leight/The Republic
A new industrial park on 267 acres of Goodyear cotton fields and a large new Surprise manufacturer offer evidence that the West Valley continues to attract employers despite national economic uncertainties.
As the market for large buildings sputtered in recent months, developers are focusing on smaller markets to find business tenants looking for buildings of 50,000 to 200,000 square feet, economists said.
That’s where Lincoln Property Co. turned when executives decided to recruit smaller to mid-size companies to move into the future Goodyear Airpark, southwest of Litchfield road and Arizona 85.
David Krumwiede, the company’s executive vice president, said that those regional companies are in better economic shape.
“They have come out of the Great Recession and are in recovery mode,” he said. “Tenants said their competitors are gone and they need to expand or push their business forward now.”
Lincoln Property brochures for the new Goodyear Airpark tout the nearby distribution centers for Amazon.com, Macy’s and Dick’s Sporting Goods to prospective tenants. Lincoln also is building 10 Lincoln, a 72-acre park with multiple buildings near Interstate 10 and 83rd Avenue in West Phoenix. The industrial parks eventually could hold employers with more than 4,000 new jobs, executives said. Continue reading
