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By Randyl Drummer CoStar News July 15, 2020 | 04:19 P.M.
E-Commerce Giant Tight-Lipped on Details of Land Purchase in Goodyear, Arizona
Construction in Goodyear and nearby Glendale, Arizona, makes up more than half the record 17.3 million square feet of the region’s industrial space under construction, ranking greater Phoenix sixth among U.S. markets for space underway. An estimated 15 million square feet is expected to be completed by year-end, according to CoStar.
Amazon is adding to its growing presence in Goodyear, Arizona, buying 91.5 acres in the fast-growing Phoenix suburb that is popular for both data centers and warehouses. But the tech giant and biggest online retailer isn’t saying what it plans to do with the site.
The Seattle-based company bought the land at Cotton Lane and Indian School Road west of Loop 303 from Santa Ana, California-based Rados Companies for just under $20 million, according to CoStar sales data.
“This land purchase in Goodyear provides us with the flexibility to quickly respond to our future network needs,” Amazon spokeswoman Lisa Guinn told CoStar News in an email.
Amazon’s land deal builds on its presence in Goodyear, where it already has three facilities, including an operations center, fulfillment center and delivery station, according to CoStar data. Guinn declined to comment specifically on the company’s plans for the new site. Goodyear city officials did not respond to requests for a comment.
Construction in Goodyear and nearby Glendale, Arizona, makes up more than half the record 17.3 million square feet of the region’s industrial space under construction, ranking greater Phoenix sixth among U.S. markets for space underway. An estimated 15 million square feet is expected to be completed by year-end, according to CoStar.
The two cities have become increasingly attractive to data center operators, partly because of Phoenix’s stable climate, low risk of natural disasters and low power costs, said Jessica Morin, director of market analytics for CoStar in Phoenix. Microsoft has four projects under way in the area at various stages, totaling just under 1 million square feet.
Tech firms including Amazon, Google and Microsoft are dominating data center leasing and are expected to account for more than half of all installed data center servers by 2021, according to a report last year by North American Data Centers, a Chicago-based data center services provider. The coronavirus pandemic has accelerated the expansion of their networks and distribution capacity to handle increased at-home entertainment demand and the delivery of goods to shoppers at home.
Data Center Possible
Phoenix could prove to be a strong contender for a data center for the growing e-commerce company’s cloud network, Amazon Web Services.
Amazon has no major data centers between Ohio and California, according to Data Center Frontier, a data center industry publication. Given the growing critical mass of cloud infrastructure in Phoenix, “the region is bound to be on Amazon’s radar for data center site selection,” Data Center Frontier reported. The publication speculated that the land could be for an Amazon Web Services data center campus.
Amazon Web Services now has cloud infrastructure in 22 regions of the United States and has predicted that new data centers may be needed in hundreds of regions to keep up with demand, according to a research and insights blog entry in April by Cleveland, Ohio-based Cushman & Wakefield/Cresco.
Amazon already expanded its land holdings for data center development in Ohio. The company in April paid $21.8 million for 112 acres off Beech Road in Johnstown, Ohio, near Columbus, bought 104.6 acres on nearby Harrison Road in November last year, and bought 58 acres in Hilliard northwest of Columbus in 2015, all for data center development and expansion, according to CoStar.
Microsoft in April 2019 bought vacant land that is part of the 1,600-acre PV303 business park in greater Phoenix, according to CoStar. The tech company was similarly tight lipped about the reason for the purchase but has since pursued development of data center projects in the business park owned by Phoenix-based Merit Partners and Sunbelt Holdings of Scottsdale, Arizona.
Possible Distribution Center
Data center speculation aside, Amazon’s Goodyear land may still prove to just be a good site for its expanding distribution and delivery network, which had already been quickly growing before the pandemic to accommodate same-day shipping for its Prime members. It also looked to expand into industries beyond online shopping, including solar energy.
The company is planning to build three U.S. solar energy plants as part of a new plan for five solar projects around the globe, including two plants in Ohio and one plant in Virginia near sites where Amazon operates major U.S. data centers.
Whatever the company decides to build, the investment in the region seems to reflect the company’s bullishness on the area.
“Amazon has designated Phoenix as a desirable location based on its expanded operations over the past few years,” Morin said. “They have large-scale distribution facilities, last-mile distribution centers and an expanded IT center with its newest lease in Tempe at One Hundred Mill Avenue.”
Other development in the area suggests the firm is not alone in its assessment.
Among data centers, Stream Data Centers’ Goodyear campus is connected to the Cox Business fiber network and ready to open next month In addition, Compass Datacenters will build its newest campus on 225 acres at the northwest corner of Bullard Avenue and Yuma Road in Goodyear, with future phases to include six additional data centers.
Denver-based Stack Infrastructure last month announced plans to expand its North American footprint with a new 79-acre site in Avondale, which will add 1 million square feet of data center space. Data center operator Vantage Data Centers chose Goodyear in 2019 to build a 50-acre data center campus.
Other major industrial projects going into the area include Glendale 303, an industrial development expected to total up to 1.2 million square feet along the Loop 303 corridor when fully built. Park303, a major industrial master-planned development, is expected to accommodate up to 4.5 million square feet of industrial space in Glendale.
For the Record:
Allen Lowe of Lee & Associates represented Rados Properties in the land sale, and Jim Wilson of Cushman & Wakefield represented Amazon in the deal that closed July 1.
E-Commerce Giant Tight-Lipped on Details of Land Purchase in Goodyear, Arizona
SEE IT ALL: https://product.costar.com/home/news/1864853927?market=29
FROM ME: Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. 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 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 your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. 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
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West USA Commercial Division
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History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
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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.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
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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.
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