ViaWest Group Expands in Buckeye with Strategic Acquisition of 83.5 acres

ViaWest Group, in partnership with Keith Mishkin and Terrence Plas, has acquired 83.5 acres of land at the southeast corner of MC-85 and I-10 in Buckeye, Arizona. This acquisition, facilitated by brokers Paul Borgesen, Dylan Sproul, and Royden Hudnall of Transwestern, is another step in ViaWest's plan to expand in the Phoenix industrial market.

Prime Location in a High-Growth Area

The newly acquired property is in an Opportunity Zone, offering strong investment potential. It is evident from I-10 and has one mile of frontage on MC-85. This gives it excellent access to major routes. Therefore, ViaWest plans to work closely with the City of Buckeye to manage zoning, annexation, and the development of new utilities.

Flexible Development Opportunities

ViaWest Group is considering several development options for the site, ranging from speculative builds to customized, build-to-suit projects. Alex Boles, Senior Vice President of Investment and Development at ViaWest Group, said, "The phenomenal proximity to California and the growth trajectory of Buckeye give us a lot of reasons to be excited about this parcel. While there is a lot of work ahead, the parcel gives great optionality for both spec development and build-to-suit possibilities." For ViaWest, the flexibility to adapt to market needs is critical.

Supporting Buckeye's Rapid Growth

Meanwhile, Buckeye continues to grow at a record pace. It is the fastest-growing city in America, with a 48.1% increase in population over the last five years and a 1,800% growth since 2000. The population is expected to grow by another 79.6% in the next 12 years. Thus, the demand for new industrial infrastructure is rising. Dylan Sproul, Vice President at Transwestern, added, "The MC-85 corridor has attracted numerous institutional developers and large corporate users in recent years ViaWest Group is establishing itself as Arizona’s future industrial corridor."  They are eager to work with local partners to develop the site, helping to boost Buckeye's economy and the wider Phoenix area.

About ViaWest Group

Founded in 2003, ViaWest Group is a Phoenix-based commercial real estate investment, development, and property management firm. It is one of the fastest-growing real estate investment companies in the Southwestern U.S.. ViaWest Group has over $3.1 billion in transactions and 13.2+ million square feet of property owned, managed, and under development.

About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) provides value to investors, owners, and occupiers across all commercial property types. It is part of Transwestern companies and is known for its innovative solutions in the commercial real estate sector.

For more information on ViaWest Group, visit their website.