(Photos via Creation Press Release)
By AZRE
Today, one of the country’s fastest-growing real estate development firms, Creation, struck a deal with Prologis, Inc., the global leader in logistics real estate, for the $184 million sale of Airpark Logistics Center in Goodyear, marking the largest multi-building industrial business park acquisition in Arizona history.
Located directly adjacent to Phoenix Goodyear Airport, this 170-acre campus stands as one of the best-situated developments in what has quickly become the most active industrial submarkets in the Phoenix Metro area. The first phase, comprised of three buildings with 1,441,140 square feet of leasable space, was completed last month both designed and built by LGE Design Build. The second phase includes 84 acres of undeveloped, build-to-suit land. At full build-out, the development represents more than 2.7 million square feet.
