A joint venture between Foundation Capital Partners and Baker Development Corp. have broken ground on a class-A industrial facility in Goodyear, Arizona. The project is in a foreign trade zone magnet site, allowing for reduced real and personal property taxes and reduced or eliminated duty, tariff and U.S. customs reporting costs.

The two-building project is located on the southeast and southwest corners of 143rd Avenue at Van Buren Street. VB/143 includes a 213,000-square-foot cross-dock building and a 112,000-square-foot rear loading building.

JLL managing directors Anthony Lydon and Marc Hertzberg, and VP Riley Gilbert, as the project's exclusive leasing brokers.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.