If you check in with Business Briefcase on even an occasional basis, you know that food is very important to this space.
As such, we celebrate the Goodyear opening of Sonic Drive-In—especially as this burger-and-shakes joint is a very pandemic-friendly operation.
The new Sonic at 85 N. Estrella Parkway (in Centerra Crossings at the intersection of Van Buren Street) features those iconic rollerskating carhops—a blast from the past, 1950s style.
According to the company, Sonic “is the nation’s largest drive-in restaurant chain serving approximately 3 million customers every day—whether they want a juicy burger, a milkshake made with real ice cream or a refreshing cherry limeade.”
According to a recent article by Top Data, “Since mid-March (when the spread of COVID became front-page news) Sonic—known for its 1950’s-esque drive-in style carhop service—has cemented its place as the preferred fast-food destination for diners who have ventured outside their home. Regional favorites such as Culver’sand Popeyesstill have a loyal following in their respective home states and Taco Bell remains a popular choice, but it is clear that Sonic’s unique service model has likely played a role in pandemic-weary travelers looking for a bite to eat.”
• BB readers know the Wisconsin-based Culver’s recently expanded (already in Avondale and Buckeye) to Goodyear. Two words: cheese curds.
• Pandemic or not, Phoenix West is turning over one big deal after another.
The Goodyear-based company is as hot as the weather: Phoenix West closed 39 transactions in the first two quarters of 2020, totaling almost $6 million. Sales transactions totaled $2.3 million, and leases totaled $5.8 million.
It was the company’s best quarter—ever.
Phoenix West Commercial recently moved into a new office at 700 N. Estrella Parkway, Suite 205.
“The culture at Phoenix West Commercial is relationship-driven, so during the first few weeks of the COVID-19 pandemic we concentrated on getting details of the Paycheck Protection Program (PPP) and disaster relief information to our clients and businesses in our community,” said Bobbie Mastracci, designated broker/principal of Phoenix West Commercial.
“Toward the end of May, clients were ready to move forward. ... We’re glad to say it’s not been all doom and gloom.”
After a big lease deal in Glendale, Mastracci and her associate Whitney Davis sold an industrial flex building at 2710 S. Litchfield Road, Goodyear, that was on the market for lease only.
“The agent toured and said they really wanted to purchase it,” Mastracci said. “We asked the owner if she would sell. She said for $1 million. We negotiated back and forth and landed at $950,000. The owner recently closed her business and wanted to hold the asset for rental income. It was a price she could not pass up. This was a win-win situation for both parties.”
So welcome to Goodyear, West Electric, the buyer.
With Amazon recently making a $20 million buy in the Camelback/303 area of Goodyear, Mastracci expects a “trickle-down” effect: “You could expect to find companies that would involve supporting shipping industries, such packages, bubble wrap, foam, possibly competitor of UPS, etc.”
And the Loop 303 area from Goodyear to Glendale is only just beginning to develop:
“You will also notice track home builders buying up land between Loop 303 and west to the White Tank Mountains. Many jobs are being created, which is increasing the demand for housing.”
Phoenix West is just waiting for the clincher: “We would like to see large corporate headquarters move to the West Valley. We have the workforce and developers ready to put shovels in the ground.”