Search
 

Closed Manufacturing Site Goes for $2.9M

CASA GRANDE, AZ-Price Cos. of Winnipeg will be pumping some badly needed jobs into the economy of a city about 40 miles south of Phoenix. The firm has bought a 130,000-sf plant shuttered 18 months ago, 20 acres and some machinery.

By Beverly Ford | Updated on January 13, 2003

CASA GRANDE, AZ-The loss of several businesses has put a dent into the economy of this small town about 40 miles south of Phoenix during the last few years, but that may change soon now that a Canadian firm has purchased a 130,000-sf general manufacturing facility for its first Arizona plant.

Price Cos. Inc. a HVAC product manufacturing company headquartered in Winnipeg, Manitoba, picked up the 999 N. Thornton Rd. plant, which has sat vacant about 18 months, for more than $2.9 million in a deal that will bring more manufacturing jobs to the small community. “It was a pleasant sight to see,” Steve Pool, with Grubb & Ellis Co.’s industrial division, tells GlobeSt.com. “They’ve been losing a lot of companies so it was nice to see someone come in.” Price Cos. selected Arizona for its new manufacturing plant to meet the demand for its products throughout the Western United States, Pool said.

Seller APW of Milwaukee closed the plant, known as the APW/Mayville Metals Facility when it consolidated operations about 18 months ago. “The building was ideal for this buyer,” said Pool. “You could almost come in and start operating in a relatively short time.” He said the sale also included 20 acres of undeveloped land and some machinery.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.