GO Industrial invests $40M in East and West Valley projects

PHOENIX — Phoenix-based real estate developer GO Industrial has purchased two land spaces on both sides of the Valley for the development of more than 1.28 million square feet in industrial projects.

The company purchased the land sites for a collective price of about $40 million, according to a press release.

The projects are located at 99th Avenue and Buckeye Road in Phoenix, and along Arizona Avenue near Germann Road and south of the Loop 202 Freeway in Chandler.

“Phoenix has demand swelling on many levels and across numerous submarkets, and we plan accordingly with projects that are diversified in location, product size and function,” GO Industrial Managing Partner Robert Guerena said in a press release.

“Our two latest projects reflect the requirements of their own unique submarkets, with GO | 99 North targeting the global industrial users of the established West Valley and GO | AZ Ave responding to demand from the East Valley’s rapidly emerging and highly innovative middle market.”

GO | 99 North is the continuation of the 1.3-million-square-foot GO | 99 project located in the same intersection.

Once completed, the two spaces combined will total 2.4 million square feet.

Development of GO | 99 north is scheduled to break ground during the third quarter of this year, with GO | AZ Ave scheduled to break ground during the second quarter of 2022.

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