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Cavco Plans $11M-Plus BTS on 30-Acre Buy

PHOENIX-Cavco Industries, a producer of manufactured homes, pays about $3.3 million in cash to get developable land for a 120,000-sf HQ and production facility for Cavco Specialty. A start date has yet to be set, but the plan is to occupy in 14 to 18 months.

By Amy Wolff Sorter | Updated on August 29, 2005

PHOENIX-To provide additional room for its fast-growing growing operations, the locally based Cavco Industries Inc., a producer of manufactured homes in Arizona, has purchased a 30-acre parcel in an all-cash transaction of about $3.3 million from Buzz Oates Enterprise Arizona LLC.

An estimated $11 million to $12 million will go into the build-to-suit to house the headquarters operation of Cavco Specialty, which develops model homes and lofts for Cavco Industries. There is no specific ground-breaking date scheduled for the property, which is located north of the northeast corner of 55th Avenue and Lower Buckeye Road. However, Joseph Stegmayer, Cavco’s president and CEO, tells GlobeSt.com that “we’re going to try to move as fast as we can on this structure and would like to have it completed within the next 14 to 18 months, depending on permitting and other factors needed.”

Stegmayer says an architect and general contractor will be selected within the next few weeks. The design and construction contracts are just now in the bid phase.

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