JV Breaks Ground on Tariff-Friendly Industrial Build

A joint venture between Foundation Capital Partners and Baker Development Corp. have broken ground on a class-A industrial facility in Goodyear, Arizona. The project is in a foreign trade zone magnet site, allowing for reduced real and personal property taxes and reduced or eliminated duty, tariff and U.S. customs reporting costs.

The two-building project is located on the southeast and southwest corners of 143rd Avenue at Van Buren Street. VB/143 includes a 213,000-square-foot cross-dock building and a 112,000-square-foot rear loading building.

JLL managing directors Anthony Lydon and Marc Hertzberg, and VP Riley Gilbert, as the project’s exclusive leasing brokers.