Search
 

Job Maker Comes in the Form of a Build to Suit

BUCKEYE, AZ—The location gives Cardinal IG the advantages that all manufacturers seek: a strong transportation infrastructure, a low cost-risk environment and an exceptional employment pool.

By Lisa Brown | lisabrown | | Updated on August 30, 2016
aerial shot of site The project is Buckeye’s first significant industrial employment investment since 1992.
BUCKEYE, AZ—Situated north of the city’s historic downtown on 77 acres located south of the southeast corner of Apache Road and Southern Avenue, Cardinal IG Companies is developing a 250,000-square-foot build-to-suit advanced glass manufacturing facility. The project will bring 100 new jobs to Buckeye. Evergreen Devco Inc. and Evergreen-Apache and Southern LLC sold the land to Cardinal IG Companies. Cardinal IG is a wholly owned subsidiary of Cardinal Glass Industries , a leading glass manufacturer with more than 6,000 employees and 37 US manufacturing locations. “This is Buckeye’s first significant industrial employment investment since 1992,” said JLL managing director Anthony J. Lydon , who along with JLL managing director Marc Hertzberg represented Evergreen in the land sale. “It was a perfect mix of a prime location and Buckeye’s 2015 decision to waive the municipal sales tax for energy to qualifying manufacturers.” This custom-built manufacturing facility will produce energy-efficient insulating glass for residential window and door companies. The development is expected to generate nearly $90,000 of direct annual revenue to the city, not including the indirect and induced positive fiscal impacts to the city of approximately $5 million for 20 years. Buckeye mayor Jackie Meck agreed that the land sale is a pivotal one for the city. “This is a great company that Buckeye can partner with for many years and it will provide great jobs for our residents,” Meck said. “I also hope that having Cardinal select Buckeye for locating its operations here will kick-start other manufacturing development in our city.” Approximately three miles south of Interstate 10 and three miles east of Highway 85, the site is part of 152 acres controlled by Evergreen and marketed by JLL. Lydon and Hertzberg continue to market a remaining 75 acres for Evergreen on the direct southeast corner of Apache and Southern, located immediately north of the Cardinal IG site. Hertzberg tells GlobeSt.com: “This location gives Cardinal IG the same advantages that all manufacturers look and hope for a strong transportation infrastructure, an attractively low cost-risk environment and an exceptional employment pool.”  

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.