Tower Capital and its affiliates were successful in introducing its client to an institutional private equity firm which resulted in $5,850,000 in joint venture equity financing for the development of a 120,000 square foot spec industrial warehouse in Goodyear, AZ.

The site contains four separate parcels which will allow for +/- 120,000 SF single tenant building with outdoor yard storage.  Access to the site will accommodate loading for large truck and vehicular traffic.  Truck wells and grade level doors will be positioned to allow maximum flexibility for a multitude of industrial users.

The project features 30’ clear height, 2,500 amps of 277/480 volt three (3) phase power to the building, 100 paved parking spaces, 22 dock doors, rear paved truck storage area and 2,000+ square feet of class office space.  The dock high positions along with grade level doors will allow maximum flexibility for a multitude of industrial users.

Tower Capital leveraged its knowledge of the development process and capital relationships to find a JV partner that would close and begin funding during pre-development.