November 29, 2018
Minneapolis-based Opus Development Company, LLC sold Goodyear Crossing Phase one, a newly-completed warehouse distribution facility in Goodyear, AZ for $42.7 million. The fully-occupied property, located at 16811 West Commerce Dr., was acquired by LXP Manager Corp.
Completed in November 2017, the West Valley asset is 100% leased and occupied by Blue Buffalo, a natural pet food distributor that is a subsidiary of General Mills Corp.
JLL’s Bo Mills, Mark Detmer and Ryan Sitov, along with Marc Hertzberg, Anthony Lydon and Pat Harlan, advised the seller.
“This newly-built, state-of-the-art facility was attractive to the institutional investment community because of its very high standard of design and construction, and solid credit tenancy,” said Mills.
For comments, questions or concerns, please contact Dennis Kaiser