Mack Real Estate Group Buys 794K SF Hub at Goodyear

Article originally posted on AZ Big Media on October 9, 2020

An affiliate of Mack Real Estate Group (MREG) has completed the acquisition of The Hub at Goodyear, a new, 793,862-square-foot industrial facility located in Goodyear, AZ, in a transaction arranged by CBRE.  Richard Mack, CEO of MREG, made the announcement.

The Hub at Goodyear provides access to the Ports of Los Angeles and Long Beach within a six-hour drive. Located one-mile south of a full-diamond interchange at Interstate 10 and Bullard Avenue, The Hub is situated within a Foreign Trade Zone and adjacent to the Phoenix-Goodyear Airport and many corporate neighbors, including Chewy.com, Michael Lewis, Snyder’s of Hanover, McLane Foods and Macy’s.

“Logistics and distribution continue to be of the essence in an increasingly online retail economy, and we believe that well-located industrial assets like The Hub at Goodyear are poised to outperform,” Mr. Mack said.  “Phoenix is an area where we expect to ramp up strategic acquisition and development activity in high quality industrial product, as well as other product types and business lines.”

Mack family businesses have been actively investing and developing industrial and office properties in Phoenix since 1987.  “Our businesses are deeply rooted in Phoenix and The Hub acquisition by MREG demonstrates a renewed commitment to the market,” Mr. Mack added.  “We expect to share more positive news about our Phoenix activities in the near future.”

Find Complete Article Here: https://azbigmedia.com/real-estate/mack-real-estate-group-buys-794k-sf-hub-at-goodyear/

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