A cutting-edge warehouse and distribution center is coming to Goodyear.
When Baker Development Corporation (BDC) and Foundation Capital Partners (FCP) formed a joint venture to develop a Class A industrial facility, Goodyear emerged as a viable location for the project.
Located on the southeast and southwest corners of 143rd Avenue at Van Buren Street, the two-building, 24-acre project known as “VB/143” broke ground in a foreign trade zone magnet site. BDC Principal Daniel J. Slack said this will reduce property taxes and mitigate the impact of tariffs on future tenants.
“Whether they import or export, it mitigates the tariffs that they pay in a normal course of business. Based on the industry, based on the dollar-volume realm and based on in-bound and out-bound activity of importing and exporting, they will reduce their import/export tax pretty dramatically,” Slack said.
In a statement, JLL Managing Director Anthony Lydon, one of the project’s leasing brokers, said, “In this environment, VB/143 provides a modern, interstate-oriented supply chain solution with the protection of a Foreign Trade Zone, which can be a critical benefit for operations that are vulnerable to economic events such as rising regulations or tariffs.”
The facility’s foreign trade zone status also means less paperwork, Slacsaid. “The red tape, so to speak, for a tenant to qualify...as an accredited foreign trade zone tenant is a shorter time period and much less arduous process. They have to do less work,” he said.
And Goodyear’s proximity to distribution hubs like California, also make is a plus, Slack added.
Headed to Los Angeles, “a trucker can still make a roundtrip in a day from the West Valley. That’s what makes it even more strategically advantageous, at least in our minds, than say the East Valley and the fact that you could be in additional hours worth of traffic going each direction,” he explained.
There will be 63 loading docks at the facility, which includes a 213,000-square-foot cross-dock building and a 112,000-square-foot rear-loading building. It features modern industrial amenities like secured concrete truck courts, insulated dock doors and energy-efficient clerestory windows.
Slack said they also worked on making the buildings’ exteriors as architecturally pleasing as possible. “It is a warehouse building at the end of the day, but if you really look at the buildings along Van Buren on 143rd, we’ve paid a lot of attention as to what the buildings look like. They have a very high-touch in quality to them.”
Slack added, “We’re excited to be starting in Goodyear. We think we’ve assembled a great team and we’re looking for other opportunities in the marketplace as we speak.”