GO Industrial buys 77 acres in West Valley for $23.55M
Phoenix-based GO Industrial has embarked on its first metro Phoenix development, purchasing 77 acres in the West Valley submarket for the development of GO | 99. The new project will total three buildings and over 1.2 million square feet in one of the nation’s most active industrial markets.
GO Industrial purchased the land site, located at the southeast corner of Buckeye Road and 99th Avenue, for $23.55 million. It will break ground on GO | 99 in December, with completion expected during fourth quarter 2022.
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“GO | 99 will reflect our unique brand of high quality, highly functional industrial real estate, with diverse product sizes that will allow us to capture the most prominent e-commerce and logistics users in the growing Phoenix market,” said GO Industrial Managing Partner Robert Guerena. “We are excited to launch this debut project in our home state. It tees off a busy summer for the GO Industrial team that will include more project announcements in the coming months.”
Buildings 1 and 2 at GO | 99 will provide rear-loaded, mid-bay configurations and will total 246,997 square feet and 272,456 square feet, respectively. Building 3, a 600’-deep, cross dock configuration, will total 763,410 square feet with nearly 1,000 auto parking stalls and trailer storage for up to 314 off-dock locations. Clear heights will range from 32’ to 40’. All buildings will feature dock-high and ground-level loading and heavy power. The park will be fully secured and each truck court will have dedicated access.
GO | 99 will also include amenities geared toward employee attraction and retention, as well as high-end, move-in-ready spec space. Design characteristics across all GO Industrial developments will include a consistent color scheme and branded design.
GO | 99 is located just south of the Interstate 10 / Loop 101 interchange, along the newly expanded Buckeye Road corridor.
“With GO | 99, GO Industrial will deliver three Class A logistics buildings to one of the best locations in the Southwest Valley submarket,” said Cushman and Wakefield Executive Managing Director Andy Markham, who along with Executive Managing Director Mike Haenel represented GO Industrial in the GO | 99 land acquisition and will serve as the project’s leasing brokers. “Year to date, the Phoenix industrial sector has absorbed 12 million square feet and tenant demand continues to remain extremely robust. These buildings cater to what current tenants are demanding.”
The project architect for GO | 99 is DLR Group and the general contractor is Willmeng Construction. Arcadia Management Group will serve as the project’s property manager.