Land Advisors Organization announces the recent closing of a 20-acre parcel for $1.628 million to Jing He Science, an industrial gas manufacturing company. The parcel, which is located at the Southwest corner of Peters Road and Burris Road, is part of the 400-acre Barnes Farms Industrial Area in Casa Grande, Arizona.
Land Advisors Organization’s advisors Michele Pino, Kirk McCarville, CCIM, and Trey Davis represented the buyer and the seller in this transaction. Pino represented the buyer Jing He Science Arizona, Inc. McCarville and Davis represent the seller Barnes Farms Industrial Area.
“We’re seeing incredible growth and interest in the area by manufacturing facilities, semi-conductor suppliers and construction material suppliers,” McCarville said. “The Pinal County Tech Park and The Barnes Farms Industrial Area are uniquely positioned and highly attractive to the semiconductor manufacturing industry and others because of its gas line, rail connection and proximity to major markets, including California and Texas. Our city and county have been working towards this for years and it’s very rewarding to see the planning and hard work paying off.”
This sale marks the firm’s fourth significant closing in Casa Grande’s burgeoning industrial area in the past six months. Previous sales include the December 21, 2021 sale of a 206-acre site to Kohler, Inc. and the November 28, 2021 sale of 84 acres to CCCP, both of which are within the Pinal County Tech Park, located two miles north of the Barnes Farm Industrial Area; and the September 9, 2021 sale of a 27-acre site to LCY in the Central Arizona Commerce Park, which is located across the street from Barnes Farm Industrial Area.
“The suppliers I’m working with value the synergy of the proximity to other groups that are moving to the area,” said Pino. “Expanding or relocating to Pinal County makes good business sense for them as this hub of opportunity emerges in Central Arizona.”
The City of Casa Grande and Pinal County partnered on infrastructure assistance to help the project become a reality. The new tenant of The Barnes Farms Industrial Area is one of numerous suppliers to the semiconductor manufacturing industry expanding with new facilities in Casa Grande.
The area is particularly attractive for the expansion of these facilities due to the forward-growth development environment, strong schools, rapidly growing employment base with training facilities, supportive government officials, land prices, the area’s overall connectivity to the I-8 and I-10 as well as its location on the Union Pacific Main Line.
“Thanks to the support by Casa Grande and Pinal County to make critical infrastructure investments in the coming months and years to the area, industrial development is going gangbusters,” said McCarville.
The Pinal County Tech Park is a two-phase ±1,064-acre, rail-served industrial park, which currently has 650 acres available in its second phase. The Barnes Farms Industrial Area is a 400-acre single owner I-2 Industrial site with a certificate of assured water supply. There are currently 320 acres remaining in The Barnes Farms Industrial Area. Both industrial parks are located in close proximity to the TSMC semiconductor factory and Intel expansion, plus Lucid Motors and Nicola. The areas are seeing tremendous interest from major prospects in the semiconductor supply chain and Tier 1 and Tier 2 electric vehicle manufacturer suppliers looking to relocate or expand their facilities.