Growth can be big, growth can be small.
Around the West Valley, both are true.
Large-scale growth was discussed at the recent 13th annual IREM-CCIM Economic Forecast meeting.
Keynote speaker Elliott D. Pollack said the Phoenix area is “growing at three times that of other U.S.”
More than 400 attended the event at the Omni Scottsdale Montelucia.
A hot topic was the transportation corridors around the West Valley. Thanks in part to the loops 202 and 303 freeways, the industrial market flourished, said panelists.
“The Southwest Valley is experiencing an increase of larger big-box users because the land is cheaper out there,” said Jeff Foster with Prologis. “It’s e-commerce, food and beverage that is serving and fulfilling the population growth out there.
“The Loop 202 (South Mountain Freeway) is going to be a huge game-changer.”
Proligis is not just talking up the West Valley industrial scene, it is helping build it.
Prologis Commerce Park at Goodyear, near Phoenix Goodyear Airport, is expected to have 1 million square feet of industrial office space, spread across five buildings on more than 100 acres.
The event was co-sponsored by the Certified Commercial Investment Member Arizona chapter and the Greater Phoenix chapter of the Institute of Real Estate Management.
•On a smaller scale, the Buffalo Spot is opening at 14130 W Indian School Road (near Litchfield Road), Goodyear.
The restaurant’s grand opening was scheduled for this week.
Layered Buffalo Fries are the signature dish at the Buffalo Spot. The menu also features wings and chicken tenders.
Local owners Kevin and Elena Burke join the fast-growing franchise. The first Buffalo Spot location opened in 2013 in Long Beach, California. The Goodyear restaurant will be the 30th Buffalo Spot, the ninth in Arizona.
For more information, visit thebuffalospot.com.