Colliers negotiates $15M+ in real estate deals for Goettl
Colliers in Arizona has negotiated $15+ million in real estate transactions for Arizona-based Goettl Corp., a well-known, 80-year-old Phoenix-based company, in the air conditioning and plumbing business – with operations in Arizona, Texas, California and Nevada. The company purchased an office building to serve as its new corporate headquarters and an office/warehouse building in Tucson, as well as sold a commercial land parcel in Scottsdale.
“These were very strategic transactions for the company,” says Greg Hopley, executive vice president with Colliers in Arizona. “Goettl purchased land in Scottsdale several years ago with intent to build a new corporate headquarters. An opportunity arose for purchase of an ideal, existing building. We pivoted and helped the company sell the land at a profit while acquiring a terrific existent headquarters. Additionally, we helped Goettl buy a Southern Arizona headquarters building in Tucson to assist in its continued expansion,” said Hopley.
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Hopley and Dillon Hopley with Colliers in Arizona represented Goettl in the purchase and sale transactions.
According to Goettl CEO Ken Goodrich, “With our new corporate headquarters now located in Pheonix, Goettl plans to hire hundreds of new employees and we will be implementing our new Goettl University. This university effort enables us to recruit, hire and train our new employees to perform and reflect the extremely high standards that Goettl offers its clients and is recognized for by the public.”
Goettl purchased 5.4 acres of land at 8701 E. McDowell Rd near the Loop 101 more than two years ago. The company just sold the land for $6 million to 8701 BT McDowell, LLC. The buyer plans to hold the property for future development. Hopley assisted both parties in the transaction.
The company recently purchased a building at 4611 E. Baseline Rd. in Phoenix to serve as its future corporate headquarters. Goettl Corp. paid $7.3 million for the 55,000-square-foot office building. The building was purchased from 4611 E Baseline, LLC., and the seller was represented Barry Gabel with CBRE. Goettl Corp. plans to relocate from its current space at 1845 W. 1st St. in Tempe and take occupany of the new building in the coming months. Hopley represented Goettl in the purchase.
In addition to the purchase of a corporate headquarters building, Goettl also bought a $1.9 million office/warehouse building at 4771 S. Overland Dr. in Tucson. The company puchased the 23,000-square-foot facility from Jim and Teri Enterprises, LLC. The seller was represented by Tim Healy with CBRE and Hopley represented Goettl. Goettl plans to relocate its Tucson operations from its current location at 2551 N. Dragoon St. in the coming weeks. They will begin hiring and expanding, as noted above.