On behalf of Evergreen Devco Inc. and Evergreen-Apache & Southern LLC (Evergreen), the Phoenix office of JLL has completed the sale of 77 acres of land in Buckeye, Arizona to Cardinal IG Companies (Cardinal IG). Cardinal IG will develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility at the site. The project will bring 100 new jobs to the City of Buckeye.
Cardinal IG is a wholly-owned subsidiary of Cardinal Glass Industries, a leading glass manufacturer with more than 6,000 employees and 37 manufacturing locations across the U.S. Its new custom built, sate-of-the-art manufacturing facility in Buckeye will produce high-quality, energy efficient insulating glass for residential window and door companies across the globe. The development is expected to generate nearly $90,000 of direct annual revenue to the city, not including the indirect and induced positive fiscal impacts to the city of approximately $5 million over 20 years.
“This is Buckeye’s first significant industrial employment investment since 1992,” said JLL Managing Director Anthony J. Lydon, who along with JLL Managing Director Marc Hertzberg represented Evergreen in the land sale. “It was a perfect mix of a prime location and Buckeye’s 2015 decision to waive the municipal sales tax for energy to qualifying manufacturers.”
“The combination will return mutual benefits for Cardinal IG and the City of Buckeye for decades,” said Hertzberg.
Buckeye Mayor Jackie Meck agreed that the land sale is a pivotal one for the city. “This is a great company that Buckeye can partner with for many years, and it will provide great jobs for our residents,” Meck said. “I also hope that having Cardinal select Buckeye for locating its operations here will kick-start other manufacturing development in our city.”
The new Cardinal IG site is located just south of the southeast corner of Apache Road and Southern Avenue, approximately three miles south of Interstate 10 and three miles east of Highway 85 in Buckeye, Arizona. Situated just north of the city’s historic downtown, the site is part of 152 acres controlled by Evergreen and marketed by JLL. Lydon and Hertzberg continue to market a remaining 75 acres for Evergreen on the direct southeast corner of Apache and Southern, and located immediately north of the Cardinal IG site.