PHOENIX—Newmark Grubb Knight Frank announces the closing by IRIS USA, Inc., a subsidiary of IRIS Ohyama Inc., on the purchase of a 59-acre site at Skyway Business Park. The consumer products manufacturer, based in Sendai, Japan, is developing a 420,000-square-foot office, manufacturing, and distribution facility near the southwest corner of Dysart and Cactus roads. The site was purchased from SKD Holdings, LLC. IRIS USA will use the facility to manufacture and distribute its consumer plastics storage products and conduct research and development.
NGKF's Rob Stephens, Sheila Bale and Ryan O'Connor of Arizona, with the cooperation of David Scherer of Las Vegas represented SKD Holdings, LLC in the transaction.
"IRIS USA selected Surprise for its western regional headquarters due to the site's excellent location and infrastructure, as well as the myriad of community amenities our city offers," says Surprise mayor Sharon Wolcott. "IRIS will be investing tens of millions of dollars and creating approximately 150 jobs in our city that will significantly add to our overall economic base. Our community is thrilled to welcome the IRIS family to Surprise, Arizona."
"The rail-served project, which is in a designated Foreign Trade Zone, is of significant value to IRIS USA," notes Stephens. "These special benefits, paired with the premium accessibility and location, helped to cement IRIS' decision to plant a company flag in Surprise." This project will be centered between Loop 303, the new Northern Parkway, Loop 101 and State Highway 60, along the BNSF Railroad in Surprise.
The new facility, scheduled to open later this year, is being designed by Ware Malcomb. The area, known for its pro-business advantages and established manufacturing and distribution infrastructure, is also home to Crescent Crown Distributing, Rioglass Solar, Gestamp Solar and Southwest Products.
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