MLILY Leases 643,798 Square Feet in Goodyear
MLILY, the retail brand of Healthcare Arizona LLC, a venture of China-based Healthcare Co., Ltd., has leased 643,798 square feet of industrial space in Goodyear to be used as a manufacturing facility for its creation of memory foam products.
The company leased space at First Park @PV|303, located at 3350 N. Cotton Ln. in Goodyear. To be completed in late 2020, this new facility will be fully occupied by MLILY for a term exceeding 10 years. MLILY is scheduled to take occupancy of the space in mid-December and intends to employ approximately 300 local workers at this facility.
Payson MacWilliam, Don MacWilliam, and Chris Reese with Colliers International in Phoenix partnered with Yang Chen in the Colliers International San Francisco office in representing MLILY. The property is owned by Chicago-based First Industrial Realty Trust, Inc.
“MLILY is entering Arizona with this sizable manufacturing facility, which reflects the continued appeal of our industrial marketplace,” says Payson MacWilliam, executive vice president with Colliers International in Arizona. “The fundamentals of our pro-business environment attracted this international corporation to Phoenix, which will augment its existing U.S. presence in South Carolina.”
“By manufacturing in Arizona, MLILY can continue to provide high quality products at a lower cost to U.S. consumers, while expanding its global footprint,” adds Yang Chen, managing director, Asia Pacific Division with Colliers International in San Francisco.
Healthcare Co., Ltd. operates factories in China, Thailand, Serbia and the United States, and has produced memory foam items since 2003. The MLILY brand advocates “Redefining Sleep”, and offers products including mattresses, mattress toppers, bases, and pillows.
First Park @ PV|303 is a Class A industrial facility completed this year and located within the 1,600-acre PV|303 business park. Situated at the confluence of Interstate 10 and Loop 303 in Goodyear, this business park is designed to feature 20 million square feet of office, retail and industrial space.