Cassidy Turley announced that Inland Kenworth has purchased 17 acres at the southwest corner of 83rd Avenue and Interstate 10 for nearly $5M. The seller was Rados Properties—Arizona Land, LLC.
Cassidy Turley Senior Vice President Steve Mardian represented Inland Kenworth in the sale transaction. Allen Lowe, Principal with Lee & Associates, represented Rados Properties.
According to Greg Sternberg, Vice President, Inland Kenworth (US) Inc., “Inland will provide new and used truck sales, parts sales, service sales, body shop repair and PacLease truck leasing and rental in our new location, and will employ between 110-150 employees with sales between $150M and $200M.”
Inland plans to build an 85,000 to 100,000-square-foot facility at the 83rd Avenue location with a target completion of late fall 2014. Nineteen years ago, Inland built its current Phoenix location on 59th Avenue just south of I-10 and in late 2012, sold it to the Arizona Department of Transportation to accommodate the upcoming South Mountain Bypass project. Mardian explained, “Inland Kenworth was looking for a location that provided them with good visibility and great ingress and egress to the site for their customers. Finding 17 acres in Tolleson that was part of the undeveloped business park was a bonus, as that became the catalyst for developing the entire park to support other commercial transportation businesses.”
“The addition of Inland Kenworth to our community affirms the city of Tolleson’s firm grasp on trucking commerce in the southwest region,” said Tolleson’s Mayor Adolfo F. Gámes. “This is the third truck sales, parts and service provider to locate in our city. We are pleased that our years of investment in industrial development are now paying off for our community in the form of retail development.”.
Inland will be the first occupant of a new 85-acre business park in Tolleson. Rados Properties is developing the park with improved lots starting at approximately four acres available for sale. Les Brown, Operations Executive for Rados Properties, explained, “We are delighted to have concluded this sale to Inland Kenworth, especially since they have previously purchased land from us in Tucson for their facility there. We expect Rados Tolleson Center to be a very successful project because we have a great anchor tenant; the City is business friendly; the site has great freeway exposure; and it is ideally located for the sale and distribution of goods and products to the southwestern United States.” Lee & Associates has the marketing assignment for the business park.