$6.5 million land transfer in Buckeye the future site of industrial park
Posted 12/22/21
A $6.5 million land transfer of 54-acres in Buckeye will be the site of a planned industrial park on the southeast corner of Southern Avenue and Rainbow Road.
The property was purchased from KWC …
You must be a member to read this story.
Join our family of readers for as little as $5 per month and support local, unbiased journalism.
Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
A $6.5 million land transfer of 54-acres in Buckeye will be the site of a planned industrial park on the southeast corner of Southern Avenue and Rainbow Road.
The property was purchased from KWC Motorsports LLC to Buckeye 54 LLC, a joint venture of Contour Real Estate and Shopoff Realty Investments, which are both California-based firms.
The companies are planning to build a “logistics park” that will house two warehouses totaling 900,000 square feet.
The deal has been in escrow for seven months “as Contour worked through infrastructure issues with the city of Buckeye,” according to an announcement by Contour.
“We are excited to be a part of the explosive growth in the Southwest Valley, which we are confident will continue over the next decade as more and more development continues in the area,” said CEO of Contour David Daneshforooz.
The future industrial park is adjacent to the Union Pacific Rail Line and in proximity to both Interstate 10 and Interstate 85.
“The Phoenix West market is a prime location for industrial development,” said Shopoff President and CEO, William Shopoff. “With an influx of e-commerce and logistics firms moving into this area in recent years the demand for industrial space continues to grow, and we believe we are well positioned for a successful development.”
