GLENDALE, AZ- Linamar Solar Systems Inc. has opened a newmanufacturing facility in 76,356 square feet of class Awarehouse/industrial space in the Glendale Airpark, a 300-acreindustrial park situated about one mile west of the Loop 101.

|

The Canadian company inked a five-year lease with options forthe space located at 7676 N. Glen Harbor Blvd. It will occupy theentire building, which was built in 1998. Linamar will use its newspace to produce and assemble power conversion units (PCUs) used inStirling Energy Systems (SES) SunCatcher™ concentrating solar power(CSP) systems.

|

“This is Linamar’s first venture into Arizona,” says LouisFinocchiaro of Cassidy Turley BRE Commercial. He and John Pompaywith represented the landlord, The Glendale Group, a La Quinta,CA-based TIC investor. Paul Sieczkowski, Rob Martensen and SteveLarsen with Colliers International represented thetenant.

|

Finocchiaro says Linamar is just one of several solar-relatedcompanies that are looking to set up shop in Arizona. “They arehere as a result of new legislation, which has really helped thesolar industry here,” he notes.

|

Earlier this year, the Arizona Department of Commerce RenewableEnergy Incentive Program (REIP) took effect. The program provides afinancially attractive package for renewable energy manufacturingfirms.

|


Under the REIP program, companies can apply for income tax creditsbased on the dollar amount of capital investment and the number ofnew, full-time, above-median-wage jobs with health benefits thatare created as a result of investment. Property tax incentives,which also depend on the size of the project and the wages that arepaid, reduce applicable real property and personal property taxesfor up to 15 years.

|

“The passage of [REIP] means Arizona is now able to compete withother Western states when attracting solar energy companies,” saysMarc Hertzberg, senior vice president with Cassidy Turley BRECommercial in Phoenix. “With more than 330 days of sun per year andlower than national average labor costs, we anticipate solar andother renewable energy companies to will relocate or openadditional facilities in Arizona. The addition of this industry tothe Valley is expected to bring high paying jobs and will helpabsorb some of the excess industrial market space currentlyavailable.”

|

Finocchiaro tells GlobeSt. that before the Glendale warehousebuilding leased to Linamar, it was evaluated by four other solarcompanies. “The Greater Phoenix Economic Council has been involvedin bringing these companies to the area,” he adds.

|

Livonia, Mich.-based Tower Automotive, for example, leased460,000 square feet at the former Rubbermaid manufacturing facilityat 17300 W. Broadway Lane in Goodyear, AZ. The company, whichhistorically supplied vehicle structural parts and assemblies,diversified its business by signing an agreement withScottsdale-based Stirling Energy Systems to manufacture a facetedmirror component for the SunCatcher CSP for use in solar energysystems.

|

Tower Automotive, which will eventually employee 200 people atthe 750,000-square-foot Goodyear facility, is eligible to apply toREIP.

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.