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Business Briefcase

BY LAUREN SERRATO

West Valley View Staff Writer

Hello and welcome back to Business Briefcase! This week we are going to take another look at what Goodyear residents can expect to see in the community within the next year.

As one of the fastest-growing cities in the nation, it’s no surprise Goodyear is quickly becoming home to many businesses, including large corporations and family-owned businesses.

Here’s a look at another law firm making its way to the Goodyear Professional Plaza.

Faith, Ledyard, & Faith PLC

The city of Goodyear welcomes a new Class A office project underway as of June.

The 25,773-square-foot office complex will be located at the northwest corner of I-10 and Bullard Avenue.

Faith, Ledyard, & Faith (FLF) was established in 1979 and is the largest full-service law firm based in the West Valley.

Its Avondale firm is located at 919 N. Dysart Road, Suite F.

Attorneys and partners Michael Faith and Paul Faith will own the building, and their law firm will occupy half of the top floor, while the rest

Faith, Ledyard & Faith, PLC

ATTORNEYS AT LAW

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Please call us if we can assist. We can use email and phone to serve our clients remotely. If you or a loved one are in need of our service, please reach out today! Schedule your Consultation • Call (623) 932-0430 Today

A FULL-SERVICE LAW FIRM SERVING THE WEST VALLEY AND GREATER PHOENIX FOR MORE THAN 40 YEARS

Barry M. Aylstock Michael P. Faith Paul J. Faith David E. Ledyard Christine M. Faith omas R. Atkins Rachel K. Butts James S. Ferlmann

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of the building will be leased to advanced business service and medical professionals in search of high-quality Class A office space.

“The West Valley is primed for new office development, and Faith, Ledyard, & Faith will be a great fit among the new office developments in the city of Goodyear,” Mayor Georgia Lord said. “Construction equipment is on-site and dirt is moving, preparing the site for a beautiful new office building.”

FLF has grown to become a general practice law firm, specializing in a variety of legal fields, including construction and real estate law, employment, business and government law, personal injury, criminal law, bankruptcy and estate planning.

Understanding the growth the city has experienced in the last decade, Faith knew it was the right location for the firm. “We feel like Goodyear, and in particular this area, is the future of the West Valley,” he said. The area is already surrounded by two new hotels, new restaurants and retail options. In addition to this project, the Goodyear Professional Plaza will also be home to a Class A medical office project for which plans state construction will begin in late 2021.

The city of Goodyear is focused on bringing high-scale office developments to the community. Goodyear Civic Square at GSQ is another example of that commitment. In partnership with Globe Corp., the project includes a new city hall, library, 2-acre community park, a 100,000-plus-square-foot Class A office building and parking garage. It’s anticipated to open in summer 2022.

The West I-10, including the Goodyear, Litchfield Park and Buckeye office submarket, continues to perform well, with office vacancy rates at 8.6% versus 13.8% for the Phoenix metro, according to the Colliers 2021 Q1 Greater Phoenix Office Market Report.

Faith, Ledyard & Faith’s new Goodyear location is estimated to open in late 2022.

For more information about the firm, visit faithlaw.com.

Have an item for Business Briefcase?

Please email your business news and tips to Lauren Serrato at lserrato@timespublications.com

19 Fulton Homes purchases 187 acres, plans 675 lots

BY WEST VALLEY VIEW STAFF

Land Advisors Organization’s local homebuilding team represented the seller in the $14.78 million sale of 187 acres in the West Valley to Fulton Homes. The builder plans to develop a master-planned community on the parcel.

The site, located at the northwest corner of Perryville and Indian School roads in Maricopa County, is planned for 675 lots. A dairy farm previously sat on the land, which is on a county island between Goodyear and Buckeye. Land Advisors Organization’s team of Greg Vogel, Wes Campbell, Bret Rinehart, Ben Heglie and Ryan Semro represented the seller.

“This was a complex deal with the land requiring rather extensive work, including rezoning, dairy cleanup and working through technical challenges involving utilities and other infrastructure associated with its location in unincorporated Maricopa County,” said Vogel, Land Advisors Organization CEO.

“I commend Fulton Homes for their work and investment on the front end of this deal, which is an unusual strategy. But, as the amount of available land in the area dwindles, particularly with regard to large parcels, we’re seeing

Fulton Homes purchased 187 acres in the West Valley with plans to develop a master-planned community. (Submitted image)

more builders willing to get creative on solutions to fill their lot inventory pipelines.”

Tempe-based Fulton Homes will offer four product lines in the new master-planned community. The site plan also calls for an aquatic center and sports park. The builder has closed on numerous land deals in the West Valley in recent months, with plans to build 3,500 homes in one of metro Phoenix’s fastest-growing markets.