Posted Sep 6, 2018, 1:30 AM
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Join Date: Jan 2010
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https://www.bizjournals.com/phoenix/news...-buys-big-chunk-of-land-in-goodyear.html
Quote:
Microsoft Corp. has bought 272 acres of land in Goodyear, west of Phoenix, for nearly $48 million.
The Redmond, Washington, tech giant bought the land on the southwest corner of Maricopa County 85 and Lower Buckeye Road in the Airport Commerce Center.
RL Brown, founder of Scottsdale-based RL Brown Housing Reports, said he’s not exactly sure what Microsoft plans to do with that parcel.
“It’s a great piece of dirt,” he said. “You’ve got rail, air and freeway adjacent to this huge piece of dirt by a huge company that is probably thinking in terms of either a manufacturing facility or something of that sort — because they don’t farm.”
Messages left Wednesday with Microsoft were not immediately returned. Goodyear officials declined comment.
Microsoft (Nasdaq: MSFT) operates a data center at a former Honeywell facility in north Phoenix.
Land sales in metro Phoenix actually saw lower prices during the first half of 2018, except for residential uses.
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Land banking? Data center and Back-end operations? Manufacturing? Take your bets
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