It’s not just the weather: The West Valley is hot, hot, hot.
One big deal after another is being chalked up, on both sides of Interstate 10.
Did you think the Amazon $20 million purchase near the Loop 303 would be impossible to top?
Think again: According to commercial real estate tracker Vizzda.com, two industrial buildings on 13 acres at 10205 W. Roosevelt Street in Avondale recently sold ... for $24.5 million.
The sale was between PGIM Real Estate and Crow Holdings, according to the site.
The commercial real estate marketing site loopnet.com shows a listing for the property at this address called 101 Logistics Center.
One of the buildings was completed in 2018 with the second one brand new.
The location is next to the Avondale Auto Mall, just south of I-10.
A brochure pumps up those three key words, location, location, location: “101 Logistics Park is a two-building, Class A, master-planned industrial development located in Avondale, developed by Seefried Industrial Properties. Located less than 1/2 mile from the confluence of Interstate 10 and Loop 101, 101 Logistics Park offers direct access to Interstate 10 and Loop 101 via 99th Avenue.”
• Speaking of real estate: EXIT Realty — Realty Place welcomes Latia Twilley and Sommer Daye to its team of real estate sales professionals.
EXIT Realty - Realty Place is at 501 E. Plaza Circle Suite P, Litchfield Park. “A portion of every transaction fee received by EXIT Realty Corp. International is applied to its charitable fund and to-date, more than $5.5 million has been pledged to charity.” For more information, visit exitrealty.com.
• For growing businesses: Buckeye’s Economic Development Department is accepting applications to its Catalyst Program. “Existing, local businesses can apply to help expand, rehabilitate, beautify or enhance their landscaping, or provide public parking or lighting,” according to a press release.
The program’s budget is $125,000. Businesses can ask for up to $50,000.
Interested business owners can download and review the detailed program guide and program application at growbuckeye.com.
• More Avondale news: Landsea Homes started construction on 75 single-family homes called Riata at Alamar. The planned community is near South Avondale Boulevard and West Lower Buckeye Road.
“We’re excited to begin work on Riata at Alamar. It is such a coveted piece of land in one of the fastest-growing cities in the West Valley, and we look forward to providing best-in-class, high-performance homes and unique amenities for new residents,” said Todd Condon, Landeas’s vice president of sales and marketing.
According to Landsea, the first phase of the Alamar master-planned community includes 461 homes within six distinct neighborhoods. “It represents one of the largest master-planned communities to be developed since 2013.”
The planned community is to be anchored by a 30-acre regional park, built in partnership with the city of Avondale. “The development will additionally feature 34 art-filled parks, more than 10 miles of biking paths and hiking trails, and plenty of multi-use green spaces,” Landsea said.
For more information about Riata at Alamar, visit landseahomes.com/alamar/riata.
• Landsea is feeling pretty good, with a recent announcement that four of its new communities sold out, including Destiny at Verrado, 68 homes in Buckeye that opened for sale in June 2019.