Diversity and sustainability-focused industrial real estate firm DIV Industrial plans to develop Sarival Business Park on 47.35 acres it recently acquired in Goodyear.
Groundbreaking is scheduled to commence late Q1 2024, with total project completion anticipated in Q1 2025. At completion, the modern LEED certified 847,988-square-foot Class A industrial complex will include five free-standing buildings ranging in size from 135,000 square feet to 235,000 square feet. DIV Industrial’s business plan is to develop and deliver the asset with multiple potential exit strategies, including the ability to sell individual buildings to owner-users. Sarival Business Park is being designed to meet the needs of high-quality Fortune 100 tenants, offering high efficiency and accessibility.
DIV Industrial, a partner with USGBC, will implement its development standards at Sarival Business Park. The firm expects to achieve a minimum of LEED Silver Status with the goal of LEED Gold certification. Some of the notable development features include, but are not limited to, no skylights, R-38-value insulation in the roof, fully air-conditioned warehouse space and speculative office and restroom finishes and fixtures consistent with energy efficiency.
This is DIV Industrial’s first acquisition in the Phoenix market and a milestone in the firm’s strategic growth and expansion into key logistics markets in the West and Southwest U.S. Offering advantages in affordable labor and housing, as well as access to amenities, improved transportation infrastructure and high-capacity power, Goodyear has emerged as an institutional market, drawing in larger regional and national industrial real estate users such as Amazon, UPS, Macy’s-Bloomingdales, Chewy.com and many others.
The team of Stein Koss and Tom Louer of Lee & Associates is leading the marketing efforts for Sarival Business Park.
Did You Know: The City of Goodyear is well-positioned within the Phoenix MSA, now a critical logistics hub east of Southern California’s port markets, from which corporations can reach approximately 14% of the U.S. population within a one day’s drive.
Photo courtesy of DIV Industrial
