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."