Loading...
You are here:  Home  >  Real Estate  >  Current Article

Valley’s largest spec industrial project begins construction

Posted by   /  February 26, 2020  /  No Comments

    Print       Email

By Corina Vanek | Phoenix Business Journal

Construction began Tuesday on a $100 million industrial development in Goodyear that will bring 1.3 million square feet of speculative space to the market.

Phoenix-based Tratt Properties is developing the Elwood Logistics Center, and is calling the development the largest speculative industrial development to ever break ground in the Phoenix area.

The development will sit on 83 acres at Sarival Avenue and Elwood Street, south of the junction of Interstate 10 and Loop 303.

Construction costs for the facility are estimated at between $60 million and $70 million.

The site is in a pending foreign trade zone and an “opportunity zone.”

READ ON:

    Print       Email
  • Published: 1 month ago on February 26, 2020
  • Posted by:
  • Last Modified: February 26, 2020 @ 10:06 am
  • Filed Under: Real Estate
  • Tagged With:

Leave a Reply

You might also like...

Builders already feeling pandemic pinch; real estate consultant Jim Belfiore provides Arizona perspective.

Read More →