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Phoenix is getting its largest speculative office building yet. Tratt Properties is building Elwood Logistics Center, a 1.3 million-square-foot class-A industrial facility in Goodyear, Arizona, a qualified opportunity zone. The project is the largest speculative industrial project to ever break ground in the Phoenix Valley, and a sign of the growth in the market.

“As the world’s 29th largest economy with almost $25 billion in exports last year, Arizona has become a supply chain dynamo,” Anthony Lydon, managing director at JLL, tells GlobeSt.com. “The Phoenix/Goodyear region’s strategic location between Mexico and the ports of Southern California—combined with the recently passed United States-Mexico-Canada Agreement—is creating an accretive impact on occupant demand for manufacturing and B-to-B fulfillment space. It also drives jobs. Arizona has more manufacturing jobs than construction jobs.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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