Home Real Estate Ashley Building $100M Phoenix-Area Hub, Hiring 200
Real Estate

Ashley Building $100M Phoenix-Area Hub, Hiring 200

Ashley Furniture plans to develop a new 1.05 million-square-foot industrial facility on 75 acres in the West Valley city of Avondale at the southwest corner of Interstate 10 and 107th Avenue. Plans call for a showroom, office, call center and distribution space. They will need 200 new workers to staff the project. The indirect jobs created by the project could add up to 500 in the Avondale area.

The Phoenix Business Journal reports the facility represents a $100 million investment. It could bring in $40 million in annual retail sales.

Ashley Furniture Industries LLC spent $32.8 million in 2021 to acquire 84 acres at the project site from Avondale (2010) Holdings LLLP.

Hodgdon Management and Construction Inc. is the developer; Irvine, California-based HPA Architecture is the architect. The company is expected to break ground on the facility in 2024.

Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Marshall Bennett Institute of Real Estate Names Scholarship Recipients

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago...

Real Estate

Logistics Property Company Signs 846K SF Lease in WA Industrial Park

Logistics Property Company, LLC, a modern logistics real estate developer, investor, and...

Real Estate

Ohio-Based Redwood Living, Inc. Contributes $45K to Nonprofits

Redwood Living, Inc., a development and property management company, has announced the...

Real Estate

7.5K SF Net-Leased Dollar General Property Sells in 1031 Deal

Marcus & Millichap closed the sale of a 7,489-square-foot Dollar General located...