Two land sales in Buckeye, Arizona, totaling 225 acres for $37 million, will be developed into the massive 3.6 million-square-foot Buckeye 225 industrial park. The Land Advisors Organization team of Greg Vogel, Bobby Wuertz, Ben Heglie and Max Xander represented the sellers in the two transactions.
A joint venture between Van Tuyl Companies and the Eisenberg Company (EVT Buckeye 85 Industrial LLC) acquired both parcels with plans to develop and/or sell the property into an industrial park named Buckeye 225. It will comprise six buildings ranging from 270,000 square feet to 1 million square feet.
“With the significant industrial development activity in Buckeye, this project is on one of the premier locations in the region with one mile of frontage on State Route 85 with access from both Southern Avenue and Baseline Road made this a very attractive parcel,” said Vogel, CEO of Land Advisors Organization.
The City of Buckeye is actively growing its employment base and becoming a preferred option for users and developers. Recently, the city has successfully attracted numerous prominent employers, including Five Below, Cardinal Glass, Ross Dress for Less, Funko Toys, Rehrig Pacific, APS, and KORE Power (which is expected to bring more than 3,000 jobs within the next few years). The KORE facility is in immediate proximity to the proposed Buckeye 225.
In addition to the new users, several employment developments are under construction, and a large user base exists, including the Walmart Distribution Center, Clayton Homes, Fertizona, Quikrete, CanAm Steele, Parker Fasteners, and more. “Future employment will continue to land along SR 85 with excellent access to Interstate 10 and the nearest reach from the Phoenix MSA to the Port of Los Angeles and Arizona’s largest trade partner, Mexico” Vogel added.