Tag Archives: Phoenix West Commercial

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Lockheed Martin signs lease in Goodyear

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.

Bobbie Mastracci

Q&A: CCIM Central Arizona President Bobbie Mastracci

Bobbie Mastracci, CCIM, opened Phoenix West Commercial in October 2012 after being with Don Bennett & Associates since 2006. She specializes in investment properties, owner user and leasing.

Mastracci is 2013 President of Central Arizona CCIM Chapter. She also has served as treasurer, vice president and board member. She is co-founder of the West Valley Commercial Real Estate Group, is a board member of the Phoenix Children’s Hospital West Valley Neighborhood, member of Litchfield Park Rotary and is active in various groups of St. Thomas Aquinas Catholic Community Church.

She owned and operated a day spa for 10 years in Pittsburgh before moving to Arizona in 1998. Her has two sons, Eli and Giuseppe.

Q: As President of CCIM Central Arizona, what are your goals for the chapter?

A: I’d like to create a sense of “belonging” to all members by participation, attending events and educational forums, sponsorship, volunteering on committees and bringing guests with them; as well as pinning as many new designees as possible in April and October.

Q: How important is the mission of enhancing the awareness and recognition of the CCIM designation to the business community?

A: We at CCIM are wonderful about promoting CCIM to one another and to other brokerages and affiliates, and are working diligently on getting the word out to other businesses just how prestigious and challenging it is to achieve the CCIM Designation. Being a CCIM opens many doors of opportunity not only on a local level but internationally.

Q: What challenges and issues do CCIM members face heading into 2013?

A: CCIMs face sharpening their pencils and keeping up with the amount of business coming their way, balancing business, celebrating wins while keeping their pipeline full. The market is on an upswing and all the CCIMs are busy doing deals not busy wishing for deals. It is nice to see the change and moving out of a slow market and into a flourishing one.

Q: Is there one property type you see having a particularly strong 2013 in terms of sales and leasing?

A: The industrial sector seems to be making a very strong comeback. The first speculative building that I am aware of was a 600,000 SF industrial warehouse building along I-10 and El Mirage Road. Also in medical there have been many 30,000 SF clinics being built and operated by the hospitals with urgent care type services in the evenings along with the hospitals expanding their current buildings.

Q: What is your prediction for growth of the Metro Phoenix brokerage market the next 5, 10 and even 20 years?

A: Barry Broome of GPEC predicts that 52% of Metro Phoenix growth will happen in the West Valley due to the availability of land, infrastructure, drive time from Los Angeles ports, freeways and foreign trades zones in place. I will add that with the fiber optics that have been integrated to Luke Air Force Base and expanded from Northern Parkway in every direction this will impact the interest of all types of business that require the high speed of data transfer. You will see infill land being developed and in some areas redevelopment to higher density. Metro Phoenix will be attracting many new businesses and will not be relying heavily on the construction sector. It will still be a large part of our economy because of the growth, but it won’t be our main source.