Industrial real estate firm Westcore bought 45 acres of land in Goodyear to be developed into a build-to-suit distribution center for a logistics firm.
California-based Westcore declined to name the tenant but a source familiar with the deal confirmed the tenant is Connecticut-based XPO Logistics Inc., which already has a presence in Phoenix and the West Valley.
Westcore bought the land, which is part of the PV303 industrial park, for $11.2 million and plans to break ground on the facility immediately.
“Goodyear is well suited as a Western regional distribution hub,” Hack Adams, managing director at Westcore, said in a statement. “The city is proximate to major population centers in Arizona and Southern California. The strength of the Western Phoenix industrial market supported our efforts to execute a nine-year lease with a strong online fulfillment company for a state-of-the-art, build-to-suit distribution center.”