A Portland, Oregon-based company has announced plans to build two industrial facilities in southern Arizona next year.
Harsch Investment Properties, specializing in multi-family, multi-tenant, office, and retail projects, says it wants to build a 563,000 square foot facility in the city of Chandler, and another 250,000 square foot project in Goodyear.
The company has not said where exactly in both cities it will build, but it anticipates work beginning on the Chandler project in March, while the Goodyear project is expected to see construction starting by the end of next year.
Harsch is additionally expanding its Arizona footprint with the purchase of the Scottsdale Airpark Commerce Center for $17.5 million.
That property, located near the intersection of East Evans Road and North 82nd Street, comprises a combined 124,000 square feet with a total of four existing buildings.
In July, Harsch announced its opening of a new regional office in Tucson. At the time of that announcement, Bill Rodewald, senior vice-president at Harsch, said in a statement: “We have looked forward to the day when our Arizona portfolio would grow to the point that justified an office dedicated to our tenants and helping them grow.”
Harsh, founded in 1950, purchased its first Arizona property in 1958.
The company currently owns and oversees some 27 million square feet of built space not just in Arizona, but also California, Nevada, Oregon, Utah, and Wyoming.
By Garry Boulard
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