While north Phoenix is seeing the expected volume of heavy investment and development associated with the Taiwan Semiconductor Manufacturing Company facility, the economic impacts are rippling outward as far as Pinal County.
Taiwanese chemical producer Chang Chun Group recently purchased 84 acres in Casa Grande for $5.2M, where it plans to build a factory. Many of CCG’s products are used in the semiconductor manufacturing process.
LCY Chemical, another TSMC supplier, will also build in Casa Grande. The company spent $5.5M to buy a 34-acre site near Gila Bend Highway and Burris Road.
Commercial real estate and land brokers are seeing an uptick in interest for manufacturing locations since the TSMC announcement. At least three more TSMC-related suppliers are planning to close on land in Casa Grande after the New Year.
Real estate professionals credit Casa Grande’s rail proximity, more affordable land prices and business-friendly environment among the reasons for the area’s appeal. (Source)
