Colliers Internationl negotiates sale of 36 acres in Goodyear to San Diego development for $6 million

Mixed-use project, including multifamily and retail space, planned for site

Phoenix, January 29, 2019 – Sunbelt Land Holdings, L.P. of San Diego purchased 36 acres at the northeast corner of Interstate 10 and Bullard Road in Goodyear, Arizona, for $6 million. The developer plans to build a mixed-use project on the site that will include multifamily and retail space.

“Goodyear and other West Valley cities are experiencing remarkable population and business growth,” said Brian Woods of Colliers International in Arizona. “This site is ideally situated adjacent to a full-diamond interchange of Interstate 10 and surrounded by noteworthy retail, hospitality and corporate establishments. The developer is actively seeking retailers and restaurants interested in establishing a presence at this location.”

Brian Woods and Tom Woods of Colliers in Arizona represented the seller, RP Palm Valley LLC, a corporation led by Sunbelt Holdings of Scottsdale. The Woods duo also represented Sunbelt Land Holdings, which is led by local real estate veteran, Todd Holzer. Brian and Tom Woods will serve as exclusive leasing agents for the new project.

The 36-acre site is situated immediately next to another vacant parcel that will be the future site of a Drury Hotel. A Lifetime Fitness facility is situated immediately to the north of the property. The site is less than a mile south of one of the Valley’s leading charter schools, a Great Hearts Academy. Palm Valley Pavilions West and Goodyear Centerpointe are situated to the east and west of the property. 

About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

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Colliers International in Arizona has served clients locally and globally for more than 35 years.