“Without new ideas success can become stale.”
Goodyear – A Finland-based company that manufactures consumer goods packaging and products used in the food service industry plans to invest more than $100 million to open a distribution center in the West Valley that could eventually employ 300 people. Huhtamakiin Espoo, Finland (Jukka Moisio, CEO) is buying a 752,000-square-foot industrial project in Goodyear that once served as a manufacturing and distribution operation for Rubbermaid Inc. Located just north of Route 85 at 4320 E. Cotton Lane, the industrial facility is part of a 150-acre property now owned by Cohen Asset Management Inc. in Los Angeles, Calif. (Brad Cohen, principal). Sources say Huhtamaki North America will pay $43 million ($57 per foot) to buy the existing plant, which will include about 90 acres of the former Rubbermaid property. The cash transaction is expected to close in 60 days after the land is re-platted. Huhtamaki is being represented by Rob Stephens of Newmark Grubb Knight Frank in Phoenix, and James Belcher of NGKF in Wayne, Pa. The seller is being represented by Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE in Phoenix. Huhtamaki is estimating it will spend $100 + million to buy the property, modify the building and install infrastructure and equipment. The company will start using the facility as a distribution center in early 2017. The property, which is rail-served by the Union Pacific Railroad, will serve West Coast food service packaging and retail tableware markets. When fully operational, the project will produce paper drink cups, insulated hot cups, food containers, pressed paperboard plates and plastic cups and lids. Huhtamaki’s product portfolio includes Chinet, the leading brand of premium trays and service-ware for the foodservice industry and retail markets. In July 2013, BREW reported Broadway Goodyear LLC (Cohen Asset Management entity) paying $34.5 million to buy the Rubbermaid plant. The purchase included the 750,000 + square-foot manufacturing and distribution facility and about 100 acres of undeveloped land. At that time, representatives of Cohen Asset Management said the excess acreage would be marketed for build-to-suit opportunities and parcels would be available for sale to users and developers. The CBRE agents are marketing the undeveloped land, which is likely to throw off 1.7 million sq. ft. of industrial buildingsLearn more from Clay Dunn of Huhtamaki North America at (913) 583-3025. Talk to Delf at (310) 860-0598, ext. 502. Call Stephens at (602) 952-3853. Reach the CBRE agents at (602) 735-5555.
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
2821 E. Camelback Rd. Suite 600
Phoenix , AZ 85016
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