(Read more on the industrial market.)
GOODYEAR, AZ-A 602,000-sf build-to-suit fulfillment center andtwo distribution spec buildings with 704,718 sf are starting to govertical at the 296-acre Goodyear Crossing Industrial Park.Development costs for comparable space are averaging $50 persf.
Goodyear Crossing's development costs aren't available. However,Macy's Inc. of Cincinnati spent $8.39 million to acquire 35.93acres for its build-to-suit project. Macy's is the first end-userto buy any of the park's land from the Indianapolis-baseddeveloper, Duke Realty Corp. Macy's, formerly a division ofFederated Department Stores Inc., recently broke ground on itsfulfillment center, with completion planned for early 2008.
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