Main Street Lofts

LJ Mainstreet Holdings LLC purchased the Main Street Lofts from Waitt Verrado LLC for $5.25 million

Photo courtesy The Rodie Company

Hello, readers! This week I’ll welcome you to the column with good news for Verrado residents! And beyond, I have more Buckeye and Goodyear developments. But with much to discuss and only so much space and time to do it, I’ll save some for next week. In the meantime, let’s get into today’s items. Here’s the news!

First, the long-awaited Fry’s Marketplace at Indian School Road and Jackrabbit Trail in Buckeye has been approved to begin construction. Though no start date has been confirmed, Kroger is looking to open the grocery store in late 2020, according to Pam Giannonatti, a spokeswoman for the company’s Fry’s Food division. Construction was delayed several years back because Kroger was looking to reevaluate the changing grocery industry.

Also in Verrado, Mesa investor LJ Mainstreet Holdings LLC purchased the Main Street Lofts from Omaha, Nebraska-based investment management company Waitt Verrado LLC for $5.25 million. The Main Street Lofts — constructed in 2004 and featuring 45 units averaging 994 square feet — are located at 21068 W. Main Street, Buckeye, off Verrado Way.

“The market fundamentals for this property are great, residing in the heart of DMB’s master-planned community of Verrado and Buckeye being named the fastest growing city in the United States,” said Chris Roach, associate vice president of Colliers International in Arizona. “DMB is known for its premier luxury communities with other notable projects being DC Ranch and Silverleaf in North Scottsdale. The deal structure of this transaction was rather complex considering this is a mixed-use property that falls under two HOAs.”

Elsewhere in Buckeye, Arizona Water Company opened a customer service office. The centrally located office — at 21765 W. Yuma Road, Suite 105, west of Dean Road — allows customers to pay bill or ask questions about their water service. For more information, contact 520-836-8785.

 “We are very pleased to have more of a presence is this area,” said Mark Kieren, manager of the White Tank Division, which includes Buckeye, Litchfield and Goodyear.   “This is a fast-growing area, and having the new office here will help us deal with the growing number of customers and allow us to respond to our existing customers more quickly and effectively.”

Up next, Amazon Logistics will open its fifth Arizona delivery station in Goodyear later this year. The goal is to speed up deliveries. Amazon already has fulfillment and global operations centers in the city, where it employs around 1,100 workers. Hiring for the new location is expected to begin later this year. Hundreds of full- and part-time employees, small business and independent contractors will be created.

“The Amazon delivery station brings additional jobs, revenue and growth to our community. We are proud to partner with Amazon as they expand their footprint in Goodyear. Amazon’s last-mile logistic system is a huge win for our local workforce, entrepreneurs and our citizens.”

That’s all the briefs for this week! Thanks for reading!

Have an item for Business Briefcase? Email Connor Dziawura at cdziawura@westvalleyview.com.