Lockheed Martin, a publicly traded aerospace and defense company, announced on Monday, Aug. 11 that it has signed a two-year lease for 31,540 square-feet of office space in Buildings 12 and 13 at 1300 S. Litchfield Road in Goodyear.
Jones Lang LaSalle acted as Lockheed’s broker in the transaction.
The landlord, Reliance Management, is pleased to have a new lease insuring that Lockheed employees will continue to work at the historical site, keeping slightly more than 50 jobs in Goodyear, including its Flight Operations Group and Synthetic Aperture Radar (SARS) program. For more than 80 years, 1300 S. Litchfield Road has been the home to Goodyear Aviation and other aviation companies, and home to the GS & IS Division of Lockheed Martin since the 1990s.
Presently, Lockheed occupies more than 400,000 square feet of space at 1300 S. Litchfield Road (1300 SLR) in eleven buildings which they intend to vacate over the next two years.
The announcement came as good news as the high-paying jobs retained at the Goodyear site will allow Lockheed Martin to maintain its aerospace presence in the city.
“We are pleased and excited that Lockheed Martin has come to an agreement with the property owner to continue working at the Goodyear site,” said Goodyear Mayor Georgia Lord. “Lockheed Martin’s commitment to keep part of its operations here underscores that Goodyear remains a great place to do business. The aerospace and defense industry will be key to Goodyear’s future, and we will continue to support those businesses, like Lockheed Martin, who provide quality jobs for our residents.”
A Lockheed Martin official echoed Mayor Lord’s sentiments.
“Lockheed Martin Mission Systems and Training is excited to be part of the Goodyear community today and into the future,” said Jeffrey Paul, manager of Airborne Ground Surveillance Radar Systems for Lockheed Martin.
“Our Airborne Ground Surveillance Radar Systems have a legacy going back to the invention of Synthetic Aperture Radar at the Goodyear site more than 50 years ago,” Paul added.
Reliance Management working with brokers, Brian Gleason, SIOR and Bonnie Halley, CCIM of Phoenix West Commercial of Litchfield Park have been marketing space in four buildings previously occupied by Lockheed. There are three office buildings totaling 22,837 square feet as well as a 13,138 square foot data center available for immediate occupancy. Phoenix West Commercial is also actively marketing the remaining 11 buildings totaling 412,160 square feet.