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ViaWest Group Acquires 25.9-Acre Land Parcel in Arizona for Industrial Development

ViaWest-Goodyear-AZ

ViaWest Group plans to develop a three-building industrial property at the corner of Elwood Street and Sarival Avenue in Goodyear, Ariz.

GOODYEAR, ARIZ. — ViaWest Group has purchased a 25.9-acre land parcel at the southwest corner of Elwood Street and Sarival Avenue in Goodyear. Santa Ana, Calif.-based RADOS Properties-Arizona sold the parcel for $4.5 million. ViaWest’s joint venture partner is a Philadelphia-based investment company.

The joint venture plans to develop three industrial buildings totaling 410,000 square feet on the property, which is zoned for industrial. Upon completion in early 2021, the project will feature a 284,290-square-foot facility, a 58,473-square-foot property and a 67,476-square-foot building. Each building is intended for single- or multi-tenant use with modern specifications. Construction is slated to begin in March 2020.

Allen Lowe of Lee & Associates represented the buyer and seller in the deal.

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