Skip Corley Jr., executive vice president for GVA Daum in Phoenix, says the land's main attraction is its proximity to the Santa Fe rail line. "We'd been trying to get onto Union Pacific Service and they told us they couldn't help us, they weren't taking any new business on," the buyer's broker tells GlobeSt.com. "We ended up going with Santa Fe and it suited the buyer's purpose."
Corley says industrial land is scarce in the overall metro area so the buyer diverted the search to Surprise, which is considered by many to be where the next growth will take place. "Any industrial concern that wants rail service in the area needs to go where the Santa Fe line is, which is northwest," Corley says.
The land is part of the Skyway Business Park's second phase at the intersection of Cactus and Dysart roads. "I know they had a number of sales they were working on as well as this one," Corley says. "I think there are roughly 100 acres left at this point."
Skyway Business Park's first phase at the intersection of Peoria Avenue and Dysart Road consisted of 143 acres. It was sold out late last year.
The park's owner and development group is led by James McDowell of Scottsdale. The seller of record, Skyway Business Park II LLC was represented by Matt Hobaica and Chris McClurg with Phoenix-based Lee & Associates Arizona.
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