Just do it, in Goodyear. Nike subsidiary Air Manufacturing Innovation, the maker of Nike Air shoes, plans to open a multimillion-dollar facility in Goodyear, which will employ at least 505 people in full-time manufacturing roles. According to city documents, Nike will buy an existing building and invest at least $184.5 million in the first phase of the new facility. The company anticipates starting operations in 2020, and over the course of three years will fully put the Goodyear facility into service by adding lines and operations.
Fairlife, LLC announced plans today to increase overall production capabilities with the construction of a new 300 thousand square foot production and distribution facility in Goodyear, Arizona – a suburb of Phoenix. fairlife currently produces multiple varieties of dairy-based beverages at its production plant in Coopersville, Michigan, and distributes the highly nutritious beverages to retailers in the United States and Canada.
Microsoft Corp. has paid $37 million for another 147 acres of land in Goodyear, according to real estate database Vizzda. It’s the second land acquisition by the technology giant in the West Valley city within the past 9 months. The new parcel, located north of Interstate 10, is vacant with no adjacent development. The tech giant bought the land from DRI FR GOODYEAR LLC. It is located in a planned area development called PV303 West III.
Arizona gained nearly 111,000 residents in the 12 months ending June 30.
But you’d be wrong to think they spread out pretty evenly among the state’s 91 cities.
New figures Thursday from the state Office of Economic Opportunity find Queen Creek and Buckeye the biggest year-over-year gainers, each boosting population by more than 7%.
Maricopa was not far behind at 5.1% with growth exceeding 4% in Goodyear, San Luis, Marana and Clarkdale.
Glendale grew by only 0.6%, lower than the state average of 1.6%. Peoria was slightly higher, with 2.3% population growth in the last year.
Avondale grew by 2.4%, Litchfield Park was up 1.8%, Surprise grew by 2.5% and Youngtown 1%.
Buckeye is the state leader in population growth since 2010, up by 60%. Goodyear is not far behind with 35.9% population growth since 2010.
Glendale’s population growth since 2010 is 7.1%.
Peoria grew by 16.9% since 2010.
Maricopa County and the state both grew by about 12% since 2010.
The numbers and the growth rates are more than just bragging rights.
The Phoenix industrial market has found its perfect balance. The market has one of the most active new construction pipelines in the nation for industrial product, but the development isn’t in danger of surpassing demand. In fact, Phoenix has seen consistent industrial absorption since 2016, giving developers a good forecast of activity and helping to keep new construction in check.
“The most remarkable factor of the Phoenix Industrial Market has been consistency,” Cooper Fratt, SVP at CBRE, tells GlobeSt.com. “Each year, beginning in 2016, Phoenix has seen between 9.5 and 10 million square feet of annual net absorption and between 17 and 18 million square feet of annual gross absorption. This trend has held true through the first three quarters of 2019 and we expect this activity to continue through 2020.”
New entrants into the market are driving the strong industrial absorption. These companies include Nike, Microsoft, Chewy and Daimler, all of which have moved into the market this year. “Due to the tightening supply of developable Industrial land in many of the market’s traditional industrial submarkets, we are starting to see Glendale, El Mirage and Surprise attract larger manufacturing and warehouse users,” says Fratt.
Nearly 50% of Maricopa County’s growth over the next 25 years is projected to occur in the West Valley.
In order to accommodate a population growth of more than 1 million people, according to John Graham — WESTMARC board member and Sunbelt Holdings president and CEO — economic development strategies are focusing on infrastructure, roads, water and sewer.
Graham gathered alongside other WESTMARC members, elected officials and expert speakers at the 2019 Economic Development Summit on May 15 to discuss future growth in the West Valley and learn about water, transportation and other developments needed to sustain that growth.
Arizona Isotope Science Research Corp. is preparing to begin construction on a facility in Goodyear to manufacture isotopes that will allow medical professionals to clearly see abnormal blood flow in patients with cardiovascular conditions and cancer.
The company will import a cyclotron, which is a particle accelerator that will generate a consistent supply of these isotopes, from Belgium in October. The facility will contain over 83,000 square feet over two phases. Brooksby said he anticipates it will cost over $50 million to build.
Development estimated to create upwards of $60B in economic impact at buildout. A 37,000-acre master-planned community in the West Valley that will include 119,000 homes and 59 million square feet of commercial and retail space. He estimates the project will cost $8 billion to $10 billion to develop over the next 25 years and become home to 300,000 residents.
Andersen Corp., a Minnesota-based window and door manufacturer, will open a $105 million manufacturing and distribution campus in Goodyear, company officials said Tuesday.
The first phase initially will include 500,000 square feet of manufacturing and distribution space and is expected to begin construction in early 2019. The campus is expected to be operational by mid-2020.
Microsoft Corp. has bought 272 acres of land in Goodyear, west of Phoenix, for nearly $48 million.
The Redmond, Washington, tech giant bought the land on the southwest corner of Maricopa County 85 and Lower Buckeye Road in the Airport Commerce Center.
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