PHOENIX—Today, real estate development firm, Creation, struck a deal with Prologis Inc., for the $184 million sale of Airpark Logistics Center in Goodyear. According to a press release put out by both parties, this deal marks the largest multi-building industrial business park acquisition in Arizona history.
Located directly adjacent to Phoenix Goodyear Airport, this 170-acre campus stands as one of the best-situated developments in what has quickly become the most active industrial submarkets in the Phoenix Metro area, the release notes, and Prologis is rapidly expanding its presence there—The company broke ground earlier this year on a nearby 112-acre industrial facility (Prologis 303 Business Park), and they previously developed the Prologis Commerce Park a few miles away.
The first phase, comprised of three buildings with 1,441,140 square feet of leasable space, was completed last month both designed and built by LGE Design Build. The second phase includes 84 acres of undeveloped, build-to-suit land. At full build-out, the development represents more than 2.7 million square feet.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
