Author: BEX Staff

Ross Stores Inc. has plans to build a regional distribution center of at least 1.6MSF on 213 acres in Buckeye at the SWC of Southern Avenue and Watson Road. The company bought the site from Globe Corporation for $28.3M. Globe was represented by JLL’s Tony Lydon and Marc Hertzberg in the transaction and still retains ownership of approximately 42 acres near the site. Additional project specifics have not yet been released. (Source)

Multimodal transportation options, wildlife disruption, carbon impacts and the effect on congestion relief were just some of the topics brought forth last week in an eight-hour Flagstaff City Council work session to discuss the Lone Tree-Butler Intersection design, part of the Lone Tree Overpass project. Jason Carlaftes, structures team manager of engineering firm WSP USA, reported on the overall improvement proposal, including separated sidewalks and bike lanes, noting that new roadway and bike lines miles are roughly equal. He also reported the project would cause only marginal initial increases to the Vehicle Miles Traveled rating for the area, which could…

Arizona State University and the Arizona Coyotes are negotiating an agreement that would let the hockey team play at ASU’s new arena while it works to find or create a permanent home. The City of Glendale opted not to renew the Coyotes’ lease at Gila River Arena after multiple issues between the two parties over the past several years. The Coyotes are planning to build a stadium and entertainment district on 46 City-owned acres in Tempe, but the proposal has encountered opposition from Phoenix Sky Harbor International Airport officials and is still under review and evaluation by Tempe. Even if…

Giving Back 1. The PICOR Charitable Foundation raised $124,910 for Tucson- non-profit youth programs. The Foundation’s multi-year lead donor, the Burton Family Foundation, provided a dollar-for-dollar matching grant for all funds raised. This, combined with significant donations from Schnitzer Properties and PICOR Commercial Real Estate set the pace with a myriad of contributions from clients, vendors, employees and community members. A total of 45 non-profits were awarded program grants. Awards & Accolades 2. Solterra Materials LLC’s Buckeye Plant has been awarded the 2021 Diamond Achievement Commendation for Excellence in Asphalt Plant/Site Operations by the National Asphalt Pavement Association. 3. AZRE…

Sales Transactions 1. Following redevelopment and renovation of the former student housing property Gateway Apartments in 2018, Holualoa Companies recently sold the 272-unit Sonoran Reserve apartment complex in Tucson for $61.6M. 2. Epic Investment Services has purchased Urban 188 and Urban 96 on W. Camelback Road in Phoenix for a total of $52M. The seller was Urban 1601 Property, LLC. The properties, totaling 284 units, will be added to the Epic Multifamily Real Estate Fund I LP. Chris Roach, Brad Cooke, Matt Roach and Cindy Cooke of Colliers in Arizona negotiated the sale transaction. Fidelity National Title handled the title…

By Roland Murphy for AZBEX The Mohave County Planning and Zoning Commission has recommended approval for a solar overlay to enable a solar project of up to 200MW to move forward along Yucca Drive west of Continental Road near Griffith. Owner/developer Greenstone Energy (Greenstone Capital) is developing the project through its affiliate Mysterious Island Development Co LLC. According to the Commission’s agenda packet, Mysterious Island Development is acting on behalf of Havasu Golden Valley, LLC and Western Progress Co. The roughly 1,484-acre site is currently vacant. Surrounding land uses include another solar facility, a prison, industrial sites and more vacant…

By Roland Murphy for AZBEX The Chandler Planning and Zoning Commission has recommended approval for a three-building flex industrial project known as Germann & Hamilton Industrial Park. The project site lies on 16.3 acres at the NEC of Germann Road and Hamilton Street. Renderings provided to Chandler by LGE Design Build/Group indicate the project may also be referred to as the Midway Commerce Center. The P&Z memorandum accompanying the project cites a total building area of nearly 302KSF, with Building A comprising more than 75KSF, Building B at 108.9KSF and Building C at 118KSF. Provided parking will total 353 spaces.…

By BEX Staff for AZBEX Phoenix City Council has approved the site plan and elevations, and agreed to some stipulation modifications, for The Opus Group’s proposed Deer Valley 30 industrial development on West Alameda Road in north Phoenix. The proposed buildings total approximately 357KSF, ranging from 66KSF to 184.4KSF. The requests submitted by project representative firm Burch & Cracchiolo said, “Opus is under contract to purchase the Site and will develop the Site with Class A industrial warehouse buildings. To achieve this, we request… the approval of Opus’ Site Plan and Elevations in accordance with the Zoning Stipulations as well…

BNSF Railway Co. applied in March of last year to buy more than 3,500 of land from the Arizona State Land Department at the NWC of SR 60 and 219th Avenue in Surprise. A site appraisal from July shows the rail company wants to build a logistics park, logistics center and intermodal facility on the site, which will serve as BNSF’s western hub. An auction has been scheduled for March 30th. Minimum bid price is $49.11M. The land is adjacent to a 500-plus-acre site BNSF bought in 2004 and is currently zoned for rural residential. An annexation into Surprise or…

By XNRGY Climate Systems via Cision PR Newswire Custom air handling manufacturer XNRGY is reaching another milestone in expansion. Growing exponentially due to high demand for their premier climate technologies, XNRGY is pleased to announce the construction of a new cutting-edge manufacturing facility in the Greater Phoenix Area, which will be designated as their headquarters. This state-of-the-art 1MSF factory will increase XNRGY’s manufacturing footprint by a factor of eight. With the Arizona facility, XNRGY’s total manufacturing capacity will increase to 1.25MSF, including Montreal’s expansion to a 250KSF facility. This new facility will focus on research and development, spearheading innovation to facilitate the rapid growth and…