Goodyear industrial project sells for $21.8M

Cushman & Wakefield announced the firm has arranged the sale of Elwood Rising, a new Class A speculative industrial development in Goodyear for $21.8 million.

The freestanding building totaling 120,000 square feet in Goodyear was delivered in January and is fully leased to a global industrial field services company, which executed a long-term lease while the building was still under construction.

Atlas Capital Partners, a Scottsdale-based multi-disciplinary real estate firm with investments across industrial, multifamily, office and retail asset classes, constructed and sold the property to Cohen Asset Management.

Based in southern California, Cohen Asset Management is a private real estate investment firm.

Cushman & Wakefield’s Kirk Kuller, Will Strong, Michael Matchett, Molly Hunt and Dean Wiley, of the firm’s National Industrial Advisory Group - Mountain West, represented both parties in the sale. JLL’s Pat Harlan and Kyle Westfall served as the project’s leasing team and negotiated the existing lease.