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Nike buys facility for proposed Goodyear plant

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Posted at 10:17 AM, Aug 20, 2019

GOODYEAR, AZ — Nike Inc. has spent nearly $70 million for a building that will be transformed into its Goodyear shoe factory.

The Beaverton, Oregon-based apparel maker paid cash for an industrial facility at 575 S. 143rd Ave. in the West Valley near the Phoenix Goodyear Airport, an area that has become a hotbed of industrial development.

The seller was GSLP Goodyear LLC, an entity of Goldman Sachs Realty Management LLC. According to public records, Nike paid $69,832,600 for the building.

Nike announced earlier this summer plans to open a manufacturing facility where it will build soles for its popular line of Nike Air sneakers.

Read more from the Phoenix Business Journal.